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A 10-year, 8.00%, $3,000 bond that pays dividends quarterly can be purchased for $2,589. This means that $2,589 is spent on the bond now. Every quarter, $60.00 is provided to the purchaser as the dividend. After 10 years, $3,000 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? 8.00% - 8.50% 9.80% - 10.80% 10.81% -12.81% 8.50% -9.55%