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

Zero-Coupon Yields : Maturity 1 year 6.00% 2 years 6.40% 3 years 6.70% 4 years 7.00% 5 years 7.30%

What is the price of a three-year, default-free security with a face value of 1,000.00 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 1000 and an annual coupon rate of 4%? The price is $

(Round to the nearest cent.) What is the yield to maturity for this bond?

The yield to maturity for this bond is ?? %. (Round to two decimal places.)