Scotty Industries needs to raise $25 million to fund a new factory. The company plans on issuing ten-year bonds with a face value of $1,000 and a coupon rate of 5.5% (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 6.58% 6.78% 6.88% 7.28% 7.78% Assuming that Scotty's bonds are rated AAA, their price will be closest to ________. Group of answer choices $1107 $923 $1292 $738