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Pandora Media plans to issue original issue discount ( OID ) bonds with a 2 0 - year maturity, $ 1 , 0 0 0
Pandora Media plans to issue original issue discount OID bonds with a year maturity, $ par value, and initial yield to maturity of 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 $ what is their nominal coupon rate? That is at this price, what coupon rate will result in a yield to maturity of
Your answer should be between and rounded to decimal places, with no special characters.
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