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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 in order to copy its contents into

Assume the zero-coupon yields on default-free securities are as summarized in the following table:(Click on the following icon in order to copy its contents into a spreadsheet.) Maturity (years) 1 2 3 4 5 Zero-coupon YTM 5.70% 6.10% 6.40% 6.80% 7.00% What is the price of a five-year, zero-coupon, default-free security with a face value of $1,000? Question content area bottom Part 1 The price is $enter your response here. (Round to the nearest cent.)

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