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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

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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 sist of 5.7% (annual payments). The following table summarizes the YTM for similar ten-year corporate bonds of various credit ratings sub Rating AAA BBB BB YTM 6.89% 709% 7.19% 7.69% 8,09% w Assuming that Luther's bonds receive a MA rating, the number of bonds that Luther must issue to raise the needed $25 million is closest to nan A 27293 OB 21.834 tudy c38,210 tuiti OD 32.752 haps Dynas

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