ABC Company is issuing corporate bonds to fund a $200 million factory expansion. The bonds have a face value of $1000 and a coupon rate of 3%. Which of the following statements is true?

Select one:

a. ABC would prefer to issue the bonds when market yields are higher.

b. All of these statements are true.

c. ABC would need to issue more bonds if market yields were higher.

d. ABC is indifferent to yields because the coupon on the issue is fixed.