Use the Information for the Question(s)below

question 54

Multiple Choice

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:

-Assuming that Luther's bonds receive a AA rating,the price of the bonds will be closest to:

• A)$1021
• B)$1014
• C)$1000
• D)$937

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Definitions:

Personally Meaningful Rewards

Incentives or acknowledgments that hold significant personal value to the recipient, thereby motivating or enhancing their engagement in specific activities or performance.

Recognition

The acknowledgment or appreciation of an individual's achievements or qualities.

Realistic Job Previews

A strategy used by organizations to provide prospective employees with an accurate view of what their job roles will entail, including both the positive and negative aspects.

Job Enlargement

The process of increasing the variety and number of tasks that an employee performs to enhance job satisfaction and productivity.