Cullumber, Inc., has issued a three$-$year bond that pays a coupon rate of $9\mathrm{.}40$ percent. Coupon payments are made semiannually. Given

the market rate of interest of $4\mathrm{.}00$ percent, what is the market value of the bond? Assume face value is $$1,000.($Round answer to $2$

decimal places, e$.$g$.15\mathrm{.}25.)$

Crane, Inc., has four$-$year bonds outstanding that pay a coupon rate of $6\mathrm{.}5$ percent and make coupon payments semiannually. If these

bonds are currently selling at $$917\mathrm{.}69.$ What is the yield to maturity that an investor can expect to earn on these bonds? Assume face

value is $$1,000.$ Find the yeild to ma

Crane, Inc., has four$-$year bonds outstanding that pay a coupon rate of $6\mathrm{.}5$ percent and make coupon payments semiannually. If these

bonds are currently selling at $$917\mathrm{.}69.$ What is the yield to maturity that an investor can expect to earn on these bonds? Assume face

value is $$1,000.($Round answer to $1$ decimal place, e$.$g$.15\mathrm{.}2\%.)$

Yield to maturity

$\%($Round answer to $1$ decimal place, e$.$g$.15\mathrm{.}2\%.)$