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5 years Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years Zero-Coupon Yields 3.30% 3.70%

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5 years Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years Zero-Coupon Yields 3.30% 3.70% What is the price of a five-year, zero-coupon default-free security with a face value of $1,000? 3 years 3.90% 4 years 4.20% 4.40% GOD The price is $ (Round to the nearest cent.)

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