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Consolidated Insurance wants to rate $35 million in order to build a new headquarters. The company will find this by issuing 10 year bonds with
Consolidated Insurance wants to rate $35 million in order to build a new headquarters. The company will find this by issuing 10 year bonds with a face value of $1,000 and a coupon rating of 6%, paid semiannually. The above table shows the yield to maturity for similar 10 year corporate bonds of different ratings. Which of the following 10 how many more bonds insurance would have sell to raise this money if their bonds an A rating either then an AA rating? A. 805 B. 567 C. 1126 D. 644
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