1.The following table summarizes prices of various default-free zero-coupon bonds ($100 face value):

Maturity (years)

1

2

3

4

5

Price (per $100 face value)

$95.37

$91.06

$86.44

$81.70

$76.62

a. the yield to maturity for each bond.

b. Plot the zero-coupon yield curve (for the first five years).

c. the yield curve upward sloping, downward sloping, or flat?

annual compounding.