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(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 7.5 percent. The bonds mature in 14
(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 7.5 percent. The bonds mature in 14 years. They are selling for $864. 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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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
