It is $2030$ and the yields on corporate bonds are as follows:

Tau Corporation wishes to raise $$16$ million by an issue of $9\%10-$year bonds. Assume a face value of $$100$ and annual coupons. What

will be the likely issue price $($as a percent of face value$)$ if Tau is rated $($a$)$ Aaa, $($b$)$ A$,$ or $($c$)$ Ba$?$

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.It is $2030$ and the yields on corporate bonds are as follows:

Aaa A Ba

$8\mathrm{.}03\%10\mathrm{.}03\%12\mathrm{.}03\%$

Tau Corporation wishes to raise $$16$ million by an issue of $9\%10-$year bonds. Assume a face value of $$100$ and annual coupons. What will be the likely issue price $($as a percent of face value$)$ if Tau is rated $($a$)$ Aaa, $($b$)$ A$,$ or $($c$)$ Ba$?$

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.