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:

Rating	AAA	AA	A	BBB	BB
YTM	6.59%	6.79%	6.89%	7.29%	7.79%

Assuming that Luther's bonds receive a AAA rating, the price of the bonds will be closest to:

A.

$1,008

B.

$1,411

C.

$806

D.