Assume that at the beginning of the year, you purchase an investment for $13,200 that pays $116 annual income. Also assume the investments value has to $13,350 by the end of the year.

(a) What is the rate of return for this investment? (Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.)

Rate of return

(b) Is the rate of return a positive or negative number?

Negative return on investment

Positive return on investment