hard · Debt Capital Markets
A company is issuing $300 million of 5-year senior notes at an Original Issue Discount (OID) of 98.50 with a coupon of 7.00%.
What is the approximate yield to maturity (YTM) of these notes at issuance?
- 7.37%
- 7.00%
- 7.11%
- 8.50%
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