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Marlite Engineering would like to raise $ 10.0 million to investin capital expenditures. The company plans to issue? five-yearbonds with a face value of $ 1 000 and a coupon rate of 6.51 %?(annual payments). The following table summarises the yield tomaturity for? five-year (annual-payment) coupon corporate bonds ofvarious? ratingsRatingAAAAAABBBBBYTM6.126.12?%6.336.33?%6.516.51?%6.946.94?%7.527.52?%a. Assuming the bonds will be rated? AA, the price of the bondswill be ?$ nothing. ?(Round to the nearest? cent.)b. To raise $ 10.0 million? today, assuming the bonds are AA?rated, the number of bonds to be issued is nothing. ?(Round up tothe nearest? integer.)c. What must the rating of the bonds be for them to sell at?par? ?(Select the best choice? below.)A. For the bonds to sell at? par, the coupon must equal theyield. Since the coupon is 6.51 %?, the yield must also be 6.51 %?,or BBB rated.B. For the bonds to sell at? par, the coupon must equal theyield. Since the coupon is 6.33 %?, the yield must also be 6.33 %?,or A rated.C. For the bonds to sell at? par, the coupon must equal theyield. Since the coupon is 6.94 %?, the yield must also be 6.94 %?,or BBB rated.D. For the bonds to sell at? par, the coupon must equal theyield. Since the coupon is 6.51 %?, the yield must also be 6.51 %?,or A rated. d. Suppose that when the bonds are? issued, the priceof each bond is $ 959.16.d.What is the likely rating of the? bonds? Are they junk? bonds??(Select the best choice? below.)A. Given a yield of 6.94 %?, it is likely these bonds are ratedBBB.? Yes, BBB-rated bonds are junk bonds.B. Given a yield of 7.52 %?, it is likely these bonds are ratedBB.? Yes, BB-rated bonds are junk bonds.C. Given a yield of 6.94 %?, it is likely these bonds are ratedBBB.? No, BBB-rated bonds are not junk bonds.D. Given a yield of 7.52 %?, it is likely these bonds are ratedBB.? No, BB-rated bonds are not junk bonds