The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of the face value)

years = price (per $100 face value)

year 1= $95.18

year 2= $90.70

Years 3 = $86.11

years 4= $81.22

years 5= $76.10

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?