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Security: AAA Corporate AA Corporate A Corporate BBB Corporate Yield (6) 56 57 5.9 6.4 BB Corporate 70 A mining company needs to raise $100

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Security: AAA Corporate AA Corporate A Corporate BBB Corporate Yield (6) 56 57 5.9 6.4 BB Corporate 70 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% paid annually. The above table shows the yield to matunity 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? 0 10 O A $811.13 OB $1,013.91 OC. $1,216.70 OD $1,419 48 10 O of Arte 00 O of Click to select your answer. Desktop e D

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