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  3. assume the zero-coupon yieids on default-free secu

Assume the zero-coupon yieids on default-free securites are as summarized in the following table; (Click...

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Accounting

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Assume the zero-coupon yieids on default-free securites are as summarized in the following table; (Click on the following icon o in order to copy its contents into a spreadsheet.) ZM What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 4% What is the yield to maturity for this bond? What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 4% ? The price is s (Round to the nearest cent.)

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