Assume that at the beginning of the year, you purchase an investment for $7,100 that pays $80 annual income. Also assume that the investments value has increased to $7,590 at 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?

Positive return on investment

Negative return on investment