MC algo 4-30 Calculating Interest Rates You purchased a bond at a price of $800. In 15 years when the bond matures, the bond will be worth $5,000. It is exactly 8 years after you purchased the bond and you can sell the bond today for $3,300. If you hold the bond until it matures, what annual rate of return will you earn from today? Multiple Choice 19.4 percent 6.8 percent 5.5 percent 6.1 percent 13.0 percent