Assume thezero-coupon yields ondefault-free securities are as summarized in the followingtable:

Maturity zero-coupon yield

1 year 4.50%

2years 5.00%

3 years 5.30%

4 years 5.60%

5 years 5.90%

What is the price of afive-year, zero-coupondefault-free security with a face value of

$1,000?

The price is $

. (Round to the nearestcent.)