You are looking at a 5-year bond that pays an annual coupon of $40 each year and will mature for $1,000 in 5 years. Also assume the Pure Expectations Theory of the term structure and that investors expect 1-year rates for each of the next 5 years to be Year 1 = 3.00%; Year 2 = 4.00%; Year 3 = 6.00%; Year 4 = 8.00%; and Year 5 = 7.00%. This implies nominal rates of 3.000%, 3.499%, 4.326%, 5.233%, and 5.584% for Years 1-5, respectively. Determine the nominal, annual yield to maturity on this security.