Lloyd Industries Raised $28 Million in Order to Upgrade Its

question 35

Multiple Choice

$\begin{array}{llllll}\text { Security: } & \text { AAA Corporate } & \text { AA Corporate } & \text { A Corporate } & \text { BBB Corporate } & \text { BB } \text { Corporate } \\\hline\text { Yield (\%) : }&5.7&5.8&6.0&6.6&6.9\end{array}$ 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?

• A) A
• B) BBB
• C) BB
• D) AA

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Definitions:

Delegate Tasks

The act of assigning responsibilities or duties to others, typically to manage workloads and achieve goals effectively.

Performing Many Tasks

The ability or act of managing multiple jobs or responsibilities at the same time.

Seeking Assistance

The act of asking for help or support from others, especially when facing difficulties or when unable to complete tasks independently.

Acute Asthma Attack

A sudden worsening of asthma symptoms, such as wheezing, coughing, and shortness of breath, requiring immediate medical attention.