Use the following information to answer the$$ question$($s$)$ below.

Security

Term

$($years$)$

Yield

$(\%)$

Treasury

$20$

$5\mathrm{.}5\%$

AAA Corporate

$20$

$7\mathrm{.}0\%$

BBB Corporate

$20$

$8\mathrm{.}0\%$

B Corporate

$20$

$9\mathrm{.}6\%$

Wyatt Oil is contemplating issuing a $20$year bond with semiannual$$ coupons, a coupon rate of$8\%,$ and a face value of$$ $$1000.$ Wyatt Oil believes it can get a AAA rating from Standard and$$ Poor's for this bond issue. If Wyatt Oil is successful in getting a AAA$$ rating, then the issue price for these bonds would be closest$$ to:

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Part $1$

A$.$

$$$$1107$

B$.$

$$$$1000$

C$.$

$$$$901$

D$.$

$$$$891$