Financial Management

timer Asked: Apr 2nd, 2013

Question Description

holding period and annual (investement) returns.  bohenick classic automobiles restores and rebuilds old classic cars. the company purchased and restored a classic 1957 thunderbird convertible six years ago for $8,500.  today at auction, the car sold for $50,00.  hat are the holding period return and the annual return on this investment?  show all work.

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