A 10-year, 11.00%, $1,000 bond that pays dividends quarterly can be purchased for $920. This means that $920 is spent on the bond now. Every quarter, $27.50 is provided to the purchaser as the dividend. After 10 years, $1,000 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?