Question
Citigroup issued bonds that pay a coupon interest rate of 8.5 percent. The bonds mature in 13 years. They are selling for $833. (a) What
Citigroup issued bonds that pay a coupon interest rate of 8.5 percent. The bonds mature in 13 years. They are selling for $833. (a) What would be your expected rate of return (yield to maturity) if you bought the bonds? (b) What would the current yield be?
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
