A bond with five years remaining until maturity is currently trading for 101 per 100 of par value. The bond offers a 5% coupon rate with interest paid semiannually. The bond is first callable in three years and is callable after that date on coupon dates according to the following schedule: end of year 3 call price 102,end of year 4 call price 101,end of year 5 call price 100 The bonds annual yield- to-maturity is closest to: ___________