### Finance: current price of a zero, which bond has most risk, Welsh's next dividend amount

36. A zero coupon has a yield to maturity of 9.26% and 8 years until it fully matures. What's the current price of this bond if the face value is $1,000? Assume semiannual compounding. a. 458.80 b. 471.20 c. 484.73 d. 503.72 37. Which one of the following bonds has the most interest rate risk? a. 6%, 20 year b. 6%, 10