Multiple Choice
Use the following information to answer the question(s) below. 
-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:
A) $891.
B) $901.
C) $1000.
D) $1107.
Correct Answer:
Verified
Correct Answer:
Verified
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