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Rust Bucket Motor Credit Corporation (RBMCC), a subsidiary of Rust Bucket Motor, offered some securities for...

Rust Bucket Motor Credit Corporation (RBMCC), a subsidiary of Rust Bucket Motor, offered some securities for sale to the public on March 28, 2001. Under the terms of the deal, RBMCC promised to repay the owner of one of these securities $89321 on March 28, 2047, but investors would receive nothing until then. Investors paid RBMCC $29415 for each of these securities; so they gave up $29415 on March 28, 2001, for the promise of a $89321 payment in 2047.

Suppose that, on March 28, 2026, this security’s price is $41474. If an investor had purchased the security at market on March 28, 2026, and held it until it matured, what annual rate of return would she have earned. (round to 2 decimal places)

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