[Solved] Citigroup issued bonds that pay a coupon

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Citigroup issued bonds that pay a coupon interest rate of 5.5 percent. The bonds mature in 5 years. They are selling for $1,076. What would

Citigroup issued bonds that pay a coupon interest rate of 5.5 percent. 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?

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