2. The following table summarizes prices of various default-free, zero-coupon bonds (expressed as a percentage of face value)? Please solve step by step without using excel for question a and b Maturity (years) 1 2 3 4 5 Price (per $1000 face 94.5 96.6 88.6 84.5 77.7 value) a. Compute the yield to maturity for each bond. b. Plot the zero-coupon yield curve (for the first five years). (Student can use excel for this) c. Is the yield curve upward sloping, downward sloping, or flat? 2. The following table summarizes prices of various default-free, zero-coupon bonds (expressed as a percentage of face value): Maturity (years) 1 2 3 4 5 Price (per $1000 face 94.5 96.6 88.6 84.5 77.7 value) a. Compute the yield to maturity for each bond. b. Plot the zero-coupon yield curve (for the first five years). (Student can use excel for this) c. Is the yield curve upward sloping, downward sloping, or flat