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The table below summarizes prices (per $100 face value) of various default-free zero-coupon bonds (expressed as a percentage of face value):

a. Compute the yield to maturity for each bond.

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

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

Maturity (years) Price Face Value =$100.00

1	$95.51
2	$91.05
3	$86.38
4	$81.65
5	$76.51

a. Compute the yield to maturity for each bond.

YTM 1-year bond
YTM 2-year bond
YTM 3-year bond
YTM 4-year bond
YTM 5-year bond

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

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

The yield curve is _________