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

Maturity (years) 1 2 3 4 5

Price (Per face value) $ 96.47 $ 92.08 $ 87..41 $ 82.55 $ 77.48

a. compute the yield to maturity of each bond

b.Plot the zero-coupon yield curve (for the first five years)

c. Is the yield curve upward sloping or downward sloping or flat?

a. Compute the yield to maturity of each bond