Question: Exactly 7 years ago, you bought a $ 1 , 0 0 0 par value bond paying 6 % coupons on a semiannual basis for

Exactly 7 years ago, you bought a $1,000 par value bond paying 6% coupons on a semiannual basis for $982.06. Over the 7 years, you reinvested the coupon payments and received a total of $66.78. You believe you will be able to sell the bond today for $1,053.3. What is the total annual return of your bond? Submit your final answer as a percentage rounded to two decimal places (Ex.0.00%).

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