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5.6 Security: AAA Corporate AA Corporate A Corporate BBB Corporate BB Corporate Yield (%) 5.7 6,3 6.4 7.0 A mining company needs to raise $100

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5.6 Security: AAA Corporate AA Corporate A Corporate BBB Corporate BB Corporate Yield (%) 5.7 6,3 6.4 7.0 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 6.5%, paid annually. The above table shows the yield to maturty 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 $1,026,67 OB. $821,33 OC. $1,232.00 OD $1.437.34

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