Dawg Corp. is raising $12 million by issuing ten-year bonds with a face value of $1000 and a coupon rate of 7% (annual coupon payments). Use the bond rating table below to answer the following questions.

Rating	Aaa	Aa	A	Baa	Ba
YTM	5.80%	5.90%	6.00%	6.40%	7.00%

a. If Dawgs current corporate bond rating is Aaa, what will be the price of the bonds? (Round the final answer to two decimal places.)

b. If the new bonds receive an Aa rating, what is the number of bonds Dawg Inc. must issue to raise necessary funding (round up to whole number)?

c. In reality, Dawgs new bonds were sold at a price of $1043.34 for each bond. What is the perceived bond rating on the new bonds based on the traded price?