You observe the following yield curve for risk-free government zeros:

Years to Maturity	Yield
3	3%
6	4.75%
9	5.25%
12	5.75%
15	6.25%

You believe the yield curve will remain the same over the next 20 years, and you decide to buy 9-year zeros, and sell them after 3 years. To your surprise, after 3 years the yield curve shifts and instead becomes:

Years to Maturity	Yield
3	2%
6	3.75%
9	5%
12	6.25%
15	8.25%

What is your annualised rate of return, if you sell the bond as planned after 3 years? Please choose the answer that is closest to the correct answer.

Group of answer choices

6.64\%

5.26\%

11.12\%

9.19\%

8.32\%