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Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 5.5 percent. The bonds mature in 5 years.

Expected rate of return and current yield) 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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