You purchase a five year bond with an 8% coupon rate, an YTM of 8% and an $80,000 face value. What will your annualized holding period return (or HPR) on this investment be if you hold the bond for five years, the YTM on the bond when you sell it equivalents 5% and you can reinvest coupons at 4%? State your answer in devoid of a percent sign, using 3 decimals (12.345% = 12.345).