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(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 9 percent. The bonds mature in 8 years.

(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 9 percent. The bonds mature in 8 years. They are selling for $ 834. 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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