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(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 7 percent. The bonds mature in 9 years.

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(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 7 percent. The bonds mature in 9 years. They are selling for $1,060 What would be your expected rate of return (yield to maturity) if you bought the bonds? What would the current yield be? a. Your expected rate of return would be % (Round to two decimal places.) b. The current yield would be % (Round to two decimal places)

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