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The current zero-coupon yield curve for risk-free bonds is as follows: Maturity (years) 1 2 3 4 5 YTM 5.03 %5.03% 5.54 %5.54% 5.71 %5.71%

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

Maturity (years)

1

2

3

4

5

YTM

5.03 %5.03%

5.54 %5.54%

5.71 %5.71%

5.96 %5.96%

6.07 %6.07%

What is the price per

$ 100$100

face value of a four-year, zero-coupon, risk-free bond?

The price per

$ 100$100

face value of the four-year, zero-coupon, risk-free bond is

$nothing.

(Round to the nearest cent.)

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