The following table summarizes the prices of various no-default zero-coupon bonds ($100 face value):

maturity (year)	1	2	3	4	5
Price (per $100 face value)	95,49$	91,07 $	86,48 $	81,81 $	76,77 $

A. Calculate 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?

Not :

Assume annual compounding.