Question: Assume the zero - coupon yields on default - free securities are as summarized in the following table: Maturity ( years ) 1 2 3

Assume the zero-coupon yields on default-free securities are as summarized in the following table:
Maturity(years)
1
2
3
4
5
Zero-coupon YTM
4.10%
4.50%
4.80%
5.10%
5.30%
What is the price of a five-year, zero-coupon, default-free security with a face value of $ 1000?

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