5. There is a 12-year bond with a par of $1,000 and a coupon of 6.22%. Suppose the bond is bought today at a price of $1,032.60, and the market interest rate is 5.82%.

It turns out that in 3 years an investor sells the bond at a price of $1,019.12. Calculate the annual realized return over the 3 years the investor held the bond. Show your work and explain.