You are considering investing in the following bond:

• Current Price: $950
• Coupon Rate: 5% (Coupons are paid semiannually.)
• Maturity: 20 years
• Par Value: $1,000

Your investment horizon is 4years; that is, you plan to sell the bond 4 years later and you expect to reinvest the coupons received at 4% annually (2% semiannually). You also expect the bond to be priced to yield 6% in 4 years. Calculate your expected annualized rate of return over the 4-year investment horizon. Please write your answer using at least 4 decimal places.