At what yield can you buy IBM 10 year bonds if you see them quoted at a spread of 104-95? 10 year treasuries are 2% These are the follwoing answer choices. I would like to know if a spread of 104-95 menas 104 basis points to 95 basis points. Please show all work and steps to getting the final answer

1. 3.04%

2. 4.08%

3. 2.95%

4. 1.04%

Please fully explain the meaning of 104-95 and how you use the 2% rate to find the yield on the bond