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25. Consider the following zero-coupon yields on default-free securities: Maturity (years) Zero-Coupon YTM 1 2 3 4 5.80% 5.50% 5.20% 5.00% A) $1,075 B) $1,045

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25. Consider the following zero-coupon yields on default-free securities: Maturity (years) Zero-Coupon YTM 1 2 3 4 5.80% 5.50% 5.20% 5.00% A) $1,075 B) $1,045 C) $1,100 D) $1,050 5 4.80% The price of a five-year default-free coupon bond with annual coupon rate of 6% and face value of $1000 is closest to

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