Use the following information to answer the question(s) belo…
Use the following information to answer the question(s) below. Maturity (years) 1 2 3 4 5 Zero-Coupon YTM 3.25% 3.50% 3.90% 4.25% 4.40% The price today of a four-year default-free security with a face value of $1000 and an annual coupon rate of 5% is closest to: