Flag Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 3 years 4 years 5 years Zero-Coupon Yields 4.00% 4.30% 4.50% 4.70% 4.80% .

a )Consider a four-year, default-free security with annual coupon payments and a face value of

$1,000

that is issued at par. What is the coupon rate of this bond?