1) ABC Co. wants to raise $300 million by issuing 7-year fixed-rate debt. Its investment bank suggests issuing zero-coupon bonds priced at 70 per par value of 100. What is the closest number of bonds ABC must issue if each bond has a par value of $1,000? (Assume semi-annual compounding) a) 300,000 b) 429,000 c) 445,000 d) 451,000