The current zero-coupon yield curve for risk-free bonds is as follows:
| Maturity (years) | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| YTM | 4.96% | 5.45% | 5.74% | 5.96% | 6.04% |
What is the risk-free interest rate for a five-year maturity?
The current zero-coupon yield curve for risk-free bonds is as follows:
| Maturity (years) | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| YTM | 4.96% | 5.45% | 5.74% | 5.96% | 6.04% |
What is the risk-free interest rate for a five-year maturity?