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Maturity (years) 1 2 3 4 5 Price $97.25 $94.53 $91.83 $89.23 $87.53 The above table shows the price per $100 face value of several

Maturity (years) 1 2 3 4 5

Price $97.25 $94.53 $91.83 $89.23 $87.53

The above table shows the price per $100 face value of several risk-free, zero-coupon bonds. What is the yield to maturity of the

four-year,zero-coupon, risk-free bondshown?

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