Consider a 3-year coupon bond with a face value of $1,000. The bond matures three years from today and pays a coupon of 5%. It has a YTM of 5% at time 0, a YTM of 6% at time 1, and a YTM of 8% at time 2. Assume the investor who owns this bond reinvests the coupons yearly at the prevailing rate, and the yield curve is flat through the bond's life. Cashflows are paid annually. What is the annualized rate of return of this investor