What is the price of a five-year, zero-coupon, default-free security with a face value of$1000? Maturity (years)

Question:

What is the price of a five-year, zero-coupon, default-free security with a face value of$1000?

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...