Suppose the current, zero-coupon, yield curve for risk-free bonds is as follows:

Maturity (years)	1	2	3	4	5
Yield to Maturity	4.03%	4.46%	4.67%	4.80%	4.93%

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 5-year, zero-coupon, risk-free bond?

c. What is the risk-free interest rate for a 3-year maturity?

Note:

Assume annual compounding.

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