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Lloyd Industries raised $28 million in order to upgrade its roller kiln furnace for the production of ceramic tile. The company funded this by issuing 15-year bonds with a face value of $1000 and a coupon rating of 6.2%, paid annually. The above table shows the yield to maturity for similar 15-year corporate bonds of different ratings issued at the same time. When Lloyd Industries issued their bonds, they received a price of $962.63. Which of the following is most likely to be the rating these bonds received?
Lignin
A complicated organic molecule found in the cell walls of numerous plants, contributing to their stiff and woody nature.
Cellulose
A complex carbohydrate that forms the primary structural component of plant cell walls and is indigestible to humans.
Xylem
The plant's vascular system responsible for transporting water and dissolved nutrients from the roots throughout the rest of the plant.
Liverworts
Non-vascular plants belonging to the division Marchantiophyta, among the earliest land plants.
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