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Assume that the current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 1 2 3 4 5 YTM 3.25% 3.50% 3.90% 4.25%

Assume that the current zero-coupon yield curve for risk-free bonds is as follows:

Maturity (years) 1 2 3 4 5
YTM 3.25% 3.50% 3.90% 4.25% 4.40%


The price per $100 face value of a four-year, zero coupon, risk-free bond is closest to?

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