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A two year $100 bond has 2% coupons paid annually

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A two year $100 bond has 2% coupons paid annually. If the spot rates (quoted as effective annual rates) are r1=0.03, r2=0.04 , find the yield to maturity.

The yield to maturity is:

a. 3.8%

b. 4.25%

c. 3.75%

d. 3.5%

e. 4.2%

f. 4%