Suppose that all investors expect that interest rates for the 4 years will be as follows: 
What is the price of 3-year zero-coupon bond with a par value of $1,000
Definitions:
Cash Inflows
Refers to the money received by a company during a particular period, including revenues from sales, investments, and financing activities.
Minimum Acceptable Rate
The lowest rate of return on an investment that a manager or investor is willing to accept.
Investment Decision
The process of making choices about where to allocate funds in various assets with the aim of generating returns over time.
Net Cash Flow
The difference between a company's cash inflows and outflows in a given period, indicating how much cash is generated or spent.
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