Assume the zero-coupon yields on default-free securities are as summarized in the following table:

Maturity	1 year	2 years	3 years	4 years	5 years
Zero-Coupon Yields	6.30%	6.80%	7.10%	7.40%	7.70%

What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 4%?

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 4%?

The price is $. (Round to the nearest cent.)