Use the information for the question(s) below.
Luther Industries needs to raise $25 million to fund a new office complex.The company plans on issuing ten-year bonds with a face value of $1000 and a coupon rate of 7.0% (annual payments) .The following table summarizes the YTM for similar ten-year corporate bonds of various credit ratings: 
-What rating must Luther receive on these bonds if they want the bonds to be issued at par?
Definitions:
Profit-Maximizing
The process of increasing a firm's profits to the highest possible level by adjusting output and pricing strategies.
Total Cost
The aggregate expenditure necessary to produce a given quantity of a product, summing up all costs, both fixed and variable, associated with production.
Isocost Line
A graph that shows all combinations of inputs that cost the same total amount for a firm.
Optimal Combination
The most efficient allocation or selection of resources and inputs to maximize output or satisfaction.
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