Question: please show work for both (Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 7 percent. The

please show work for both

(Expected rate of return and current yield) Citigroup issued bonds that pay a coupon interest rate of 7 percent. The bonds mature in 11 years. They are selling for $1,192 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 1% (Round to two decimal places.) b. The current yield would be 3% (Round to two decimal places)

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