Assume the zero-coupon yields on default-free securities are as summarized in the following table: (Click on the following icon in order to copy its contents into a spreadsheet.) Maturity (years) 1 4.70% 2 5.20% Zero-coupon YTM What is the price of a five-year, zero-coupon, default-free security with a face value of $1,000? The price is $. (Round to the nearest cent.) 3 5.60% 4 5.90% 5 6.10%

Assume the zero-coupon yields on default-free securities are as surnmarized in the following tablo: (Click on the following icon o in order to copy its contents into a spreadsheet.) What is the price of a five-year, zero-coupon, default-free security with a face value of $1,000 ? The price is $ (Round to the nearest cent)