Suppose the current, zero-coupon, yield curve for risk-free bonds is as follows:(Click on the following icon

in order to copy its contents into a spreadsheet.)

Maturity (years)	1	2	3	4	5
Yield to Maturity	4.02%	4.38%	4.69%	4.91%	5.30%

a. What is the price per

$100

face value of a

3-year,

zero-coupon, risk-free bond?

b. What is the price per

$100

face value of a

4-year,

zero-coupon, risk-free bond?

c. What is the risk-free interest rate for a

4-year

maturity?

Note:

Assume annual compounding.

Question content area bottom

Part 1

a. What is the price per

$100

face value of a

3-year,

zero-coupon, risk-free bond?

The price is

$enter your response here.

(Round to the nearest cent.)

Part 2

b. What is the price per

$100

face value of a

4-year,

zero-coupon, risk-free bond?

The price is

$enter your response here.

(Round to the nearest cent.)

Part 3

c. What is the risk-free interest rate for a

4-year

maturity?

The risk-free rate is

enter your response here%.

(Round to two decimal places.)