Security: AAA Corporate AA Corporate A Corporate BBB Corporate 5.9 Yield (%): 5.6 5.7 6.4 BB...

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Security: AAA Corporate AA Corporate A Corporate BBB Corporate 5.9 Yield (%): 5.6 5.7 6.4 BB Corporate 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 6.5%, 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? OA. $1,516.87 OB. $1,083.48 OC. $1,300.18 O D. $866.78 Security: AAA Corporate AA Corporate A Corporate BBB Corporate 5.9 Yield (%): 5.6 5.7 6.4 BB Corporate 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 6.5%, 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? OA. $1,516.87 OB. $1,083.48 OC. $1,300.18 O D. $866.78

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