medium · Debt Capital Markets pricing-yields-curve
A B2/B-rated borrower issues a five-year bond with a 6.00% annual coupon at an original issue discount (OID) of 98.50.
If the bond pays coupons annually, which of the following is the most accurate estimate of the yield to maturity (YTM)?
- 6.15%
- 6.00%
- 6.36%
- 5.64%
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