Citigroup issued bonds that pay a 5.5 percent coupon interest rate. The bonds mature in 5 years.

Question:

Citigroup issued bonds that pay a 5.5 percent interest rate. The bonds mature in 5 years. They are selling for $ 1,076. What would be your expected rate of return (yield to maturity) if you bought the bonds? What would the current yield be?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...