The table below shows market prices for four zero coupon bonds with four different terms: one, two, three and four years. The bonds all have a face value of $1,000.

Calculate the yields on the zero coupon bonds and graph the yield curve. What is the shape of the yield curve?

Zero Coupon Bond Prices
Term (years)	Price ($)
1	934.58
2	890.00
3	863.84
4	854.80

What is the yield on the zero coupon bond with a 1-year term?

____%

(Round to the nearest integer.)