A Question 17 (1.82 points) Retake question What is the APPROXIMATE Yield of a Bond expiring in 2 years that pays coupon currently being offered at a price of 98%

answers 3% 4% 5% 6%

if anyone can give me a breakdown on how to solve this that would be great!

What is the APPROXIMATE Yield of a Bond expiring in 2 years that pays a 3% coupon currently being offered at a price of 98% 3% 4% 5% 6% What is the APPROXIMATE Yield of a Bond expiring in 2 years that pays a 3% coupon currently being offered at a price of 98% 3% 4% 5% 6%