Question
Zions Bancorp (UT) issues a 9 percent semi-annual coupon bond with 12 years maturity and $1,000 face (par) value. If the current market price of
Zions Bancorp (UT) issues a 9 percent semi-annual coupon bond with 12 years maturity and $1,000 face (par) value. If the current market price of this bond is $810, find its yield to maturity.
Group of answer choices
12.03%
none of the answers is correct
6.78%
19.42%
16.41%
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
