Question: Based on your risk assessment, you require an 8% rate of return on ZWT Inc. bond. The term-to-maturity is 20 years and the coupon rate

Based on your risk assessment, you require an 8% rate of return on ZWT Inc. bond. The term-to-maturity is 20 years and the coupon rate is 5% paid semiannually. The YTM is 12%. What is the current market price of the bond?

	A.	$703.11
	B.	$535.98
	C.	$473.38
	D.	$396.24
	E.	$834.54

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