Under normal conditions, which of the following would be most likely to increase the coupon rate required to enable a bond to be issued at par?
A. Adding a call provision.
B. The rating agencies change the bond's rating from Baa to Aaa.
C. Making the bond a first mortgage bond rather than a debenture.
D. Adding a sinking fund.
E. Adding additional restrictive covenants that limit management's actions.
Answer: A
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