A zero coupon bond is a bond that is sold now at a discount and will pay its face value when it matures. No interest payments are made.

Use the Zero Coupon Bond information above to answer this question.

You buy a zero coupon bond with a face value of $11,000 that matures in 13 years for $6,000. What is your annual compound rate of return?

____ %. Round to the nearest thousandths of a percent (3 decimal places).