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	4.84.8%	5.25.2%	5.55.5%	5.85.8%	6.26.2%

What is the price today of a two-year, default-free security with a face value of $1,000 and an annual coupon rate of 3%

Does this bond trade at a discount, at par, or at a premium?

Note:

Assume annual compounding.

(Round to the nearest cent.)