Consider a 20-year bond with a face value of $1,000 that has a coupon rate of 5.6%, with semiannual payments.

a. What is the coupon payment for this bond?

b. Draw the cash flows for the bond on a timeline.

The following table summarizes prices of various default-free zero-coupon ing bonds (expressed as a percentage of the face value): Maturity (years Price (per $100 face value) $96.07 $91.59 $86.91 $82.09 $76.98 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