Assume that at the beginning of the year, you purchase an investment for $10,500 that pays $33 annual income. Also assume that the investments value has increased to $11,400 at the end of the year.

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

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