The following table states the yields to maturity of one-year, two-year and three-year Treasury notes. (Hints: Treasury note is discount bond with face value of $1,000.)

Term	1-year	2-year	3-year
YTM	2.81	2.92	2.98

(i) Is the yield curve sloping upwards or downwards?

(ii) Compute the price of the three-year Treasury note.

(iii) What is the duration of the three-year Treasury note?

(iv) Assuming the expectation theory is the correct theory of the term structure, calculate the expected one-year yield rate of next year.

(v) Assuming the expectation theory is the correct theory of the term structure, calculate the expected one-year yield rate of 2 years later.