coupon rate 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 of 6.1% (annual payments). The following table summarizes the YTM for similar ten-year corporate bonds of various credit ratings: Rating AAA AA A BB YTM 6.5% 6.7% 6.8% 7.2% 7.7% BBB Assuming that Luther's bonds receive a AAA rating, the price of the bonds will be closest to: O A. $777 O B. $1,165 C. $1,360 OD. $971