A Mining Company Needs to Raise $100 Million in Order

question 89

Multiple Choice

A mining company needs to raise $100 million in order to begin open pit mining of a coal seam.The company will fund this by issuing 30-year bonds with a face value of $1000 and a coupon rating of 6%,paid annually.The above table shows the yield to maturity for similar 30-year corporate bonds of different ratings.If the mining company's bonds receive a A rating,what will be their selling price?

• A)$947.22
• B)$967.64
• C)$1013.91
• D)$1016.41
• E)$875.91

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Organizational Environment

The set of external and internal conditions that affect how an organization operates and interacts with its workforce.

Functional Units

Specialized departments or sections within an organization, each responsible for specific tasks or aspects of the organization's operations.

Reverse Mentoring

A mentoring approach where younger or less experienced individuals provide guidance and share knowledge with older or more experienced colleagues, often about new technologies or cultural trends.

Millennial Employees

Individuals born approximately between 1981 and 1996, considered to be the workforce segment with distinct values and work preferences.