24 The yield to maturity on zero-coupon bonds with one-year maturity is 6%, the yield to maturity on zero-coupon bonds with two-year maturity is 7%, and the yield to maturity on zero-coupon bonds with three-year maturity is 10%. The zero-coupon bonds have no default risk. Assume the pure expectations hypothesis of the term structure is correct and market expectations are accurate. You are going to receive a risk-free cash flow of $1500 at the end of year 3. The present value of this cash flow at the end of year 1 will be around (Set your financial calculator to display 5 decimal places; keep all the calculated interest rates to 2 decimal places before the percentage sign. For example, 88.88% or 0.8888). Your choice: 24/25 Qs $1194.63 $1513.20 $1150.15 $1470.35