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We solve, using localization, for the large-N master field of N=2* super-Yang-Mills theory. From that we calculate expectation values of large Wilson loops and the free energy on the four-sphere. At weak coupling, these observables only receive non-perturbative contributions. The analytic solution holds for a finite range of the 't Hooft coupling and terminates at the point of a large-N phase transition. We find evidence that as the coupling is further increased the theory undergoes an infinite sequence of similar transitions that accumulate at infinity.

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