Use the Information for the Question(s)below

question 104

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 AAA rating,the price of the bonds will be closest to:

• A)$1021
• B)$1014
• C)$1000
• D)$937
• E)$933

---

Definitions:

Intrusive Memories

Unwanted and often distressing memories that suddenly enter consciousness, frequently associated with traumatic events and a symptom of PTSD (Post-Traumatic Stress Disorder).

Unpleasant Emotions

Feelings that are generally negative in nature, such as sadness, anger, or fear, which can affect one's mental state.

Work Load

The amount of work assigned to or expected from a person in a given time period.

Sexual Discrimination

The unfair treatment of individuals based on their sex or gender, often manifesting in the workplace, education, and societal opportunities.