Question: A $ 1 , 0 0 0 par value bond that makes annual interest payments of $ 5 0 and matures in four years sells

A $1,000 par value bond that makes annual interest payments of $50 and matures in four years sells for $980. What is the yield to maturity of the bond?
Group of answer choices
4.54%
2.47%
5.57%
7.57%
2.04%

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