Question: Assume the zero - coupon yields on default - free securities are as summarized in the following table: Maturity ( years ) 1 2 3
Assume the zerocoupon yields on defaultfree securities are as summarized in the following table:
Maturityyears
Zerocoupon YTM
What is the price of a fiveyear, zerocoupon, defaultfree security with a face value of $
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