Ten-year zero coupon bonds issued by the U.S. Treasury have a face value of $1,000 and interest is compounded semiannually. If similar bonds in the market yield 7.0 percent, what is the value of these bonds? (Round answer to 2 decimal places, e.g. 15.25.) Value of bond $ Crane, Inc., has bonds outstanding that will mature in 8 years. The bonds have a face value of $1,000. These bonds pay interest semiannually and have a coupon rate of 4.6 percent. If the bonds are currently selling at $867.92, what is the yield to maturity that an investor who buys them today can expect to earn? (Round answer to 3 decimal place, e.g. 5.275%.) Yield to maturity 8.96 % What is the effective annual yield? (Round answer to 3 decimal places, e.g. 5.275%.) Effective annual yield 4.65 %