Crane, Inc., has issued eight-year bonds with a coupon rate of 7.310 percent and semiannual coupon payments. The market's required rate of return on such bonds is 6.350 percent. (b) if the above bond is callable after five years at an 9.8 percent premium on the face value, what is the expected return on this bond? (Round answer to y decimal places, e.g. 15.2505%.)