What rating must Luther receive on these bonds if they want the bonds to be issued at par?
Luther Industries needs to raise $25 million to fund a new office complex. The company plans on issuing ten-year bonds with a face value of $1,000 and a coupon rate of 7.0% (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 6.70% 6.80% 7.00% 7.40% 8.00%
A) A
B) B
C) BBB
D) AA
Answer: A
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______ is defined as the study of other cultures and the types of values and attitudes held by others and is one of the five disciplines that informs OB.
What will be an ideal response?
In the stilted language of auto policies, the "second party" in an accident is
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