Consider a bond with a coupon rate of 6% that pays annual interest and matures in three years. The face value of the bond is $1,000. The benchmark spot rate curve is as follows: S₁ = 3%, S₂ = 4%, and S₃ = 5%. Assume the bond has the same liquidity and risk as the benchmark spot rates. The yield to maturity of the bond is closest to:

Group of answer choices

4.92%

2.25%

3.58%

1.94%