Part 3 of 3 Homework: Chapter 8 Homework Molting period and annual investment returns Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 4 years ago for $7.900.00 Today at auction, the car sold for $63,200.00. What are the holding period return and the annual return on this investment? What is the holding period retum of the car? 700 S (Round to two decimal places) What is the simple annual return on the car? 175 % (Round to two decimal places) What is the effective annual return (EAR) on the car? % (Round to two decimal places)