(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest...
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Finance
(Expected
rate of return and current
yield)
Citigroup issued bonds that pay a coupon interest rate of
8
percent. The bonds mature in
9
years. They are selling for
$1,191.
What would be your expected rate of return (yield to maturity) if you bought the bonds? What would the current yield be?
Question content area bottom
Part 1
a. Your expected rate of return would be
00%.
(Round to two decimal places.)
Part 2
b. The current yield would be
enter your response here%.
(Round to two decimal places.)
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