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Luther Industries needs to raise $ 2 5 million to fund a new office complex. The company plans on issuing ten - year bonds with
Luther Industries needs to raise $ million to fund a new office complex. The company plans on issuing tenyear bonds with a face value of $ and a coupon rate of annual payments The following
table summarizes the YTM for similar tenyear corporate bonds of various credit ratings:
Assuming that Luther's bonds receive a AA rating, the price of the bonds will be closest to:
A $
B $
C $
D $
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