2 Osmand Dental Products is three years in arrears on cumulative preferred stock dividends. There are 140.000 preferred mes outstanding, and the annual dividend is 35.00 per share. The vice president of finance sees to real hope of paying didendi arrears. She is devising a plan to compensate the preferred shareholders for 90 percent of the dividends in artears . How much should the compensation be Compensation b. Osmond will compensate the preferred shareholders in the form of bonds paying 8 percent interest in a marketerwoment which the going rate of interest is 10 percent. The bonds will have a 10 year maturity. Indicate the market value of a $1000 par value bond. (Note: Interest is paid semi-annually) (Use financial calculator. Round the final answer to 2 decimal places.) Bond value c. Based on market value, how many bonds must be issued to provide the compensation determined in part 2 (Do not round intermediate calculations. Round the final answer to the nearest whole dollar) Bonds issued