Luther Industries needs to raise funds for a new office complex. The company plans on issuing 10-year bonds with a face value of $1,000 and a coupon rate of 7.0% (annual payments). The YTM for similar 10-year corporate bonds of various credit ratings are as follows; AAA:6.85%, AA:7%, A:7.25%, BBB:7.75%, BB:8.5%. Assuming that Luther's bonds receive a A rating, the price of bonds will be: