1). Consider a zero-coupon bond with the following prices and years to maturity. Answer the following based on the information given.

Years to maturity	Price (percentage of maturity value)
1	97.45%
2	94.23
3	90.33
4	86.26

1. What is the 1 year, 2 year, 3 year, and 4 year interest rate?
2. Describe the shape of the yield curve of this bond.
3. Is this the shape one typically expects of a yield curve? Why or why not?