21.

Suppose the current, zero-coupon, yield curve for risk-free bonds is as follows: Maturity (years) 2 3 4 Yield to Maturity 4.31% 4.65% 4.97% 5.31% 5.59% a. What is the price per $100 face value of a 3-year, zero-coupon risk-free bond? b. What is the price per $100 face value of a 4-year, zero-coupon, risk-free bond? c. What is the risk-free interest rate for a 2-year maturity? Note: Assume annual compounding. a. What is the price per $100 face value of a 3-year, zero-coupon risk-free bond? The price is $J' (Round to the nearest cent.) b. What is the price per $100 face value of a 4-year, zero-coupon, risk-free bond? The price is (Round to the nearest cent.) c. What is the risk-free interest rate for a 2-year maturity