Question: Use the table for the question(s) below. Consider the following zero-coupon yields on default-free securities: Maturity (years) Zero-Coupon YTM 1 5.80% 2 5.50% 3 5.20%

Use the table for the question(s) below. Consider the following zero-coupon

Use the table for the question(s) below. Consider the following zero-coupon yields on default-free securities: Maturity (years) Zero-Coupon YTM 1 5.80% 2 5.50% 3 5.20% 4 5.00% 5 4.80% The price of a five-year, zero-coupon, default-free security with a face value of $1000 is closest to: $776. $772. $791. $754

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