Use the following information for questions $3$ and $4$:

Consider a bond with the following features:

$$ Exactly $7$ years to maturity

$6\%$ coupon rate, paid semi$-$annually

$8\%$ yield to maturity

$$ $$100$ par value

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Ignore question $3$ and consider the following scenario. Suppose that you buy the bond today and exactly two years later, the yield on this bond increases from $8\%$ to $9\%.$ If you sell the bond immediately after the yield increases, what would be your annualized rate of return on this investment? Assume that you reinvested any coupon payments at the yield to maturity $($e$.$g$.,$ the $8\%).$