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Assume the zero-coupon yieids on defaul-free securties are as summarized in the following table: (Ciick on the following icon 0 , in order to copy

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Assume the zero-coupon yieids on defaul-free securties are as summarized in the following table: (Ciick on the following icon 0 , in order to copy its contents into a spreadsheet) \begin{tabular}{lccccc} Maturity (years) & 1 & 2 & 3 & 4 & 3 \\ \hline Zero-coupon YTM & 5.00% & 5.50% & 5.70% & 6.00% & 6.30% \end{tabular} What is the price of a three-year, default-free security wth a face value of $1,000 and an annual coupon rate of 3% ? What is the yiald to maturity for this bond

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