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Citigroup issued bonds that pay a coupon interest rate of 4.5 percent. The bonds mature in 6 years. They are selling for $857. What would
Citigroup issued bonds that pay a coupon interest rate of 4.5 percent. The bonds mature in 6 years. They are selling for $857. 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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