U.S. Treasury STRIPS, close of business May 15, 2012:

Maturity	Price	Maturity	Price
May '13	99.624	May '16	97.682
May '14	99.218	May '17	96.375
May '15	98.686	May '18	94.686

Maturity	Price	Maturity	Price
May '13	99.624	May '16	97.682
May '14	99.218	May '17	96.375
May '15	98.686	May '18	94.686

What is the yield of the May '14 STRIPS expressed as an EAR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places. Omit the "%" sign in your response.)

EAR

%