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Crane Corp. has 1 8 - year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 9 . 2 1 5

Crane Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 9.215 percent and a yield to maturity of 6.0 percent. Assume face value is $1,000.
Problem 8.30(a).
Problem 8.30(b)
Problem 8.30(c)
X Your answer is incorrect.
If you bought one of these bonds today, what is your expected rate of return? (Round answer to 2 decimal places, e.g.15.25%.)
Realized rate of return
%
(3.54% is not correct)
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