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Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 4 years 5 years 3 years

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Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 4 years 5 years 3 years 5.10% Zero-Coupon YTMn 4.30% 4.80% 5.40% 5.80% What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 3%? What is the yield to maturity for this bond? --- What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 3%? The price is $943.29. (Do not round until the final answer. Then round to the nearest cent.) What is the yield to maturity for this bond? The yield to maturity for this bond is%. (Do not round until the final answer. Then round to two decimal places.)

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