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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of the face value): Maturity (years) 4 Price (per $100 face

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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of the face value): Maturity (years) 4 Price (per $100 face value) $95.69 $91.32 $86.78 $81.91 1 2 3 5 $76.89 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? a. Compute the yield to maturity for each bond. The yield on the 1-year bond is 2.22 %. (Round to two decimal places.) Suppose a five-year, $1,000 bond with annual coupons has a price of $897.51 and a yield to maturity of 6.4%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.)

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