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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 $25 million to fund a new office complex. The company plans on issuing ten-year bonds with a face value of $1000 and a coupon rate of 6.7%(annual payments). The following
table summarizes the YTM for similar ten-year 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. $1,373
B. $1,177
C. $981
D. $785
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