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Consider the following zero-coupon yields on default-free securities: Maturity (years) 1 2 3 4 5 Zero-Coupon YTM 5.80% 5.50% 5.20% 5.00% 4.80% The price of

Consider the following zero-coupon yields on default-free securities:

Maturity (years) 1 2 3 4 5
Zero-Coupon YTM 5.80% 5.50% 5.20% 5.00% 4.80%

The price of a five-year, zero-coupon, default-free security with a face value of $1000 is closest to:

$776.

$754.

$772.

$791.

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