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:
Nominal Variables
Categories of data that cannot be quantifiably ranked or ordered, serving as labels or names for distinguishing attributes.
Chi-Squared Test
A statistical test used to determine if there is a significant association between two categorical variables.
Nominal Variables
Variables that represent categories with no intrinsic ranking or order, such as gender, nationality, or brand names.
Degrees of Freedom
The number of values in a calculation that are free to vary without violating any constraints.
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