Suppose that there are only five Treasury Bonds traded in the bond market. These bonds are zero-coupon bonds and have a face value of $100. The bond prices and maturities for these bonds on April 29th, 2021 at 1:15pm were:

Maturities	1 month	6 months	1 year	5 years	30 years
bond prices	99$	95$	91$	70$	30$

Based on the information above, calculate the yield-to-maturity (YTM) of these bonds and draw the yield-curve assuming annual compounding of interest. What is the state of the economy according to the yield curve?

To get full credit, you need to find the YTM in two different ways:

1) using the built-in Excel function

2) using the zero-coupon bond pricing formula