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?
Definitions:
Unexpected Downtime
Unplanned or unforeseen interruptions in a system's or facility's operations, leading to temporary cessation of services or production.
Unreliable Processes
Procedures or systems that fail to consistently perform to their designed specifications or standards, leading to errors, defects, or inefficiencies.
Lean Manufacturing
The use of lean principles to accomplish high quality, low cost, fast response, and immediate availability in a manufacturing setting. Also called just-in-time (JIT) processing.
Unnecessary Waste
Refers to materials or resources that are excessively consumed or not utilized efficiently, leading to avoidable loss or expense.
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