Use the Following Information to Answer the Question(s)below

question 78

Multiple Choice

Use the following information to answer the question(s) below.
-Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons,a coupon rate of 8%,and a face value of $1000.Wyatt Oil believes it can get a AAA rating from Standard and Poor's for this bond issue.If Wyatt Oil is successful in getting a AAA rating,then the issue price for these bonds would be closest to:

• A)$891.
• B)$901.
• C)$1000.
• D)$1107.

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