$$\text { Find the value of } - \mathrm { z } _{\alpha / 2} \text { that corresponds to a level of confidence of } 98.22 \text { percent. }$$

question 9

Multiple Choice

$$\text { Find the value of } - \mathrm { z } _{\alpha / 2} \text { that corresponds to a level of confidence of } 98.22 \text { percent. }$$

• A)-2.1
• B)2.37
• C)0.0089
• D)-2.37

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Definitions:

Matures

Refers to the final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.

Par-value

The par value of a bond, share of stock, or coupon as declared by the issuer.

Yield To Maturity

The total return anticipated on a bond if held until it matures, including all interest payments and the repayment of principal.

Zero-coupon Bonds

Bonds that do not offer interest payments but are sold at a deep discount to their face value, maturing at par.