Bohenick classic automobiles restores and rebuilds old, Financial Management

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Bohenick classic automobiles restores and rebuilds old

Bohenick Classic Automobiles restores and rebuilds old classic cars. The company purchased and restored a classic 1957 Thunderbird convertible 6 years ago for ?$8500. Today at ?auction, the car sold for ?$50000. What are the holding period return and the annual return on this?investment? What is the effective annual return? (EAR) on the? car?

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