A 10-year, 12.00%, $4,000 bond that pays dividends quarterly can be purchased for $3,711. This means that $3,711 is spent on the bond now. Every quarter, $120.00 is provided to the purchaser as the dividend. After 10 years, $4,000 is given to the purchaser. If the bond is purchased and pays as scheduled, which of the following ranges of effective rate of return will the purchaser receive? 12.00% - 12.50% 13.40% - 14.40% 14.41% - 16.41% 12.50% - 13.15%