Security: AAA Corporate AA Corporate A Corporate BBB Corporate BB Corporate Yield 15% 6.2 6.4...
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Security: AAA Corporate AA Corporate A Corporate BBB Corporate BB Corporate Yield 15% 6.2 6.4 6.7 7.0 7.5 Consoldated Insurance wants to raise $35 million in order to build a new headquarters. The company will fund this by issuing 10 year bonds with a face value of $1,000 and a coupon rating of 6.5% paid annually. The above table shows the yield to maturity for similar 10 year corporate bonds of different ratings. Which of the following is closest to how many more bonds Contulivated insurance would have to sell to raise this money if their bonds received an Arating rather than an AA rating? CA 612 OB. 765 OG 1072 OD 918 Click to select your awer,
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