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olding period and annual (investment) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible
olding period and annual (investment) returns. Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 6 years ago for $8 comma 200.00. Today at auction, the car sold for $82 comma 000.00. What are the holding period return? and the annual return on this investment? What is the holding period return of the car?
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