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Assume the zero-coupon yields on default-free securities are as summarized in the following table: 1 year 3 years 4 years Maturity Zero-Coupon YTM, 2 years
Assume the zero-coupon yields on default-free securities are as summarized in the following table: 1 year 3 years 4 years Maturity Zero-Coupon YTM, 2 years 4.40% 5 years 5.20% 4.10% 4.80% 5.00% 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 $0 (Do not round until the final answer. Then round to the nearest cent.) What is the yield to maturity for this bond? The yield to maturity for this bond is %. (Do not round until the final answer. Then round to two decimal places.)
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