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Crane Corp. management plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $442.26. What

Crane Corp. management plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $442.26. What is the yield to maturity on these bonds? (Round answer to 3 decimal places, e.g. 15.251%.)

Yield to maturity

enter the yield to maturity rounded to 3 decimal places

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