Security:	AAA Corporate	AA Corporate	A Corporate	BBB Corporate	BB Corporate
Yield (%):	5.6	5.7	6	6.4	7.0

A mining company needs to raise $100 million in order to begin open pit mining of a coal seam. The company will fund this by issuing 30-year bonds with a face value of $1000 and a coupon rating of

6.2%,

paid annually. The above table shows the yield to maturity for similar 30-year corporate bonds of different ratings. If the mining company's bonds receive a A rating, what will be their selling price?

A.

$822.02

B.

$1,027.53

C.

$1,438.54

D.