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

Consider a four-year, default-free security with annual coupon payments and a face value of 1000 that is issued at par. What is the coupon rate of this bond? Part 1 The par coupon rate is _______ (Round to two decimal places.)

Assume the zero-coupon yields on default-free securities are as summarized in the following table: \begin{tabular}{ccccc} Maturity & 1 year & 2 years & 5 years & 4 years \\ \hline Zero-Coupon Yields & 5.70% & 6.00% & 6.50% \end{tabular} Consider a four-year, default-free security with annual coupon payments and a face value of $1,000 that is issued at par. What is the coupon rate of