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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 year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of percent and a yield to maturity of percent. Assume face value is $
Problem a
Problem b
Problem c
X Your answer is incorrect.
If you bought one of these bonds today, what is your expected rate of return? Round answer to decimal places, eg
Realized rate of return
is not correct
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