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Luther Industries needs to raise $25 million to find a new office complex. The company plans on issuing yow bonds with a face value of
Luther Industries needs to raise $25 million to find a new office complex. The company plans on issuing yow bonds with a face value of $1000 and a coupon rate of sul payments. The following table summartres the YTM or similar ten year corporate bonds of various credit ratings Rating AAA AA A BBD BD YTM 6.78% 6.00% 70% 748% 7.98% Assuming that Luther'e bonds receive a AAA rating, the rumber of bonds that the most innue to rese te needed $25 million is desert OA 24965 OB. 34,061 OC 29,950 OD. 19972
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