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Suppose the current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 1 2 3 4 5 YTM 3.25% 3.50% 3.90% 4.25% 4.40%

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

Maturity (years) 1 2 3 4 5 YTM 3.25% 3.50% 3.90% 4.25% 4.40% The price per $100 face value of a five-year, zero-coupon, risk-free bond is closest to:

$78.65

$81.99

$82.75

$80.63

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