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Assume the zero-coupon yields on default-free securities are as summarized in the following table: (Click on the following icon b in order to copy its

image text in transcribed Assume the zero-coupon yields on default-free securities are as summarized in the following table: (Click on the following icon b in order to copy its contents into a spreadsheet.) ZM 10 What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 7%? 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 7%? The price is $ (Round to the nearest cent.)

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