Use the Information for the Question(s)below

question 12

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:
-Suppose that when these bonds were issued,Luther received a price of $972.42 for each bond.What is the likely rating that Luther's bonds received?

• A)AA
• B)BBB
• C)B

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To verbally repeat or deliver words from memory, often in a formal setting.

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means making an offer or deal more attractive by adding benefits or incentives to encourage acceptance.

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