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Question 11 5 pt. Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity, $1.000 par value and initial yield to

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Question 11 5 pt. Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity, $1.000 par value and initial yield to maturity of 8% 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 $960, 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

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