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Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity Zero-Coupon Yields 1 year 5.60% What is the price of

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Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity Zero-Coupon Yields 1 year 5.60% 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.) 2 years 6.00% () 3 years 6.40% 4 years 6.60% 5 years 6.90%

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