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Please find the solution for 8.30(c) Crane Corp. has 18-year bonds outstanding. These bonds, which pay interest semiannually, have a coupon rate of 9.215 percent

Please find the solution for 8.30(c) 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 $ 2 answers

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