Citigroup issued bonds that pay a coupon interest rate of 8.5 percent. The bonds mature in 14 years. They are selling for $866. What would be your expected rate of return (yield to maturity) if you bought the bonds? What would the current yield be?

Citigroup issued bonds that pay a coupon interest rate of 8.5 percent. The bonds mature in 14 years. They are selling for $866. What would be your expected rate of return (yield to maturity) if you bought the bonds? What would the current yield be?



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