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Rust Bucket Motor Credit Corporation (RBMCC), a subsidiary of Rust Bucket Motor, offered some securities for...

Rust Bucket Motor Credit Corporation (RBMCC), a subsidiary of Rust Bucket Motor, offered some securities for sale to the public on March 28, 2009. Under the terms of the deal, RBMCC promised to repay the owner of one of these securities $77,089 on March 28, 2035, but investors would receive nothing until then. Investors paid RBMCC $21,135 for each of these securities; so they gave up $21,135 on March 28, 2009, for the promise of a $77,089 payment in 2035. Suppose that, on March 28, 2024, this security’s price is $52,328. If an investor had purchased it for $21,135 at the offering and sold it on this day, what annual rate of return would she have earned?

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