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Crane Company is issuing eight-year bonds with a coupon rate of 6.2 percent and semiannual coupon payments. If the current market rate for similar bonds

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Crane Company is issuing eight-year bonds with a coupon rate of 6.2 percent and semiannual coupon payments. If the current market rate for similar bonds is 12 percent. What will the bond price be? (Round intermediate calculations to 5 decimal places, e.s. 1.25145 and bond price to 2 decimal places, e.s. 15.25.) Bondprice $ If company management wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 5 decimal places, e.3. 1.25145 and number of bonds to 0 decimal places, es. 5.275.) Number of bonds Crane Company is issuing eight-year bonds with a coupon rate of 6.2 percent and semiannual coupon payments. If the current market rate for similar bonds is 12 percent. What will the bond price be? (Round intermediate calculations to 5 decimal places, e.s. 1.25145 and bond price to 2 decimal places, e.s. 15.25.) Bondprice $ If company management wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 5 decimal places, e.3. 1.25145 and number of bonds to 0 decimal places, es. 5.275.) Number of bonds

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