Two years of curve, one year of holding

The 1-year zero yields 4.0% and the 2-year zero 4.6%. Which way does this short piece of the curve slope?

• Upward, because the longer maturity pays more
• Inverted, because the shorter maturity is cheaper
• You can't tell without the bonds' prices

A year after you buy a 2-year zero, what does the market price it as?

• A 2-year zero at the yield you bought at
• A 1-year zero at whatever the 1-year yield is that day
• Face value, because a year has passed