Eight years ago, Natalia purchased an 8.25% $1,000 bond for 107 1/2 plus brokerage fees totaling $28. Natalia received interest checks semiannually. Immediately after receiving her 16th interest check, she sold the bond for 114 less brokerage fees totaling $55. Calculate Natalia's rate of return.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Eight years ago, Natalia purchased an 8.25% $1,000 bond for 107 1/2 plus brokerage fees totaling $28.  Natalia received interest checks semiannually.  Immediately after receiving her 16th interest check, she sold the bond for 114 less brokerage fees totaling $55.  Calculate Natalia's rate of return

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