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	2	3	4	5
Zero-coupon YTM	6.40%	6.90%	7.10%	7.40%	7.60%

What is the price of a five-year, zero-coupon, default-free security with a face value of

$1,000?

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Part 1

The price is

$enter your response here