11.

D Question 11 5 pts Pandora Media plans to issue original Issue discount (ID) bonds with a 20-year maturity $1.000 par value and initial yield to maturity of ex. Since these bonds are Issued below par, the total yield will come from both annual coupon payments and appreciation. If the bonds are offered at a discounted price of $860, what is their nominal coupon rate? That is at this price, what coupon rate will result in a yield to maturity of 8%? Your answer should be between 5.12 and 8.74.rounded to 2 decimal places with no special characters