i got two columns in mysql 2005

Grade and Remarks

i need to do is.. when i input integers in grade column

1,1.25,1.50,1.75,2,2.25,2.50,2.75,3

then Remarks will show PASSED

and when Grade is 4 up

remarks will show FAILED

(OPTIONAL)
if Grade is null

then Remarks will show UNKOWN

this is my code but it doesnt works on sql computed column formula

IIF(Grade >=4, 'Failed', IIF(Grade IN (1,1.25,1.50,1.75,2,2.25,2.50,2.75,3), 'PASSED','UNKNOWN'))



can anyone revise my code into.. sql formula code?? thanks