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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Use the Following Information to Answer the Question(s)below