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Your broker has offered to sell you a bond with a maturity of 4 years, a face value of $100, and that pays annual coupons

Your broker has offered to sell you a bond with a maturity of 4 years, a face value of $100, and that pays annual coupons with a coupon rate of 4%,.  The current price of the bond is $98.


What is the the yield-to-maturity of this bond? 

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