Question: Question 2 (0.5 points) Cherry Inc. issues a 4-year default free bond which has a face value of $1,000 and pays a yearly coupon

Question 2 (0.5 points) Cherry Inc. issues a 4-year default free bond which has a face value of $1,000 and pays a yearly coupon rate of 6.00%. Given the YTM of zero-coupon bonds as below, calculate the price of the price of this bond? Maturity (years) YTM 1 2 3 4 5 2.40% 4.15% 4.55% 5.05% 5.35% Instructions: Round the result to two decimal places and do not put the "$" symbol in the answer box. For example if you get a result of 923.2893 m then write 923.29 in the answer box below. Your Answer:

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