Holding 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...


Holding 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 ​$7,400.00.


Today at​ auction, the car sold for ​$44,400.00.



What is the simple annual return on the​ car?



Jun 05, 2022
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