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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 1: 5.00% 2: 5.50% 3: 5.75%
The current zero-coupon yield curve for risk-free bonds is as follows:
Maturity (years): 1 2 3 4 5 YTM
1: 5.00%
2: 5.50%
3: 5.75%
4: 5.95%
5: 6.05%
Question: What is the price per $100 face value of a two-year, zero-coupon, risk-free bond? (Round to the nearest cent.)
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