A company is to raise $$100$ million debt capital from bond markets. The corporate bond

offers an annual coupon rate of $5\%.$ The coupon payments are to be paid semi$-$annually.

How many bonds with face value of $$1,000$ should be issued in order to meet the capital

need? Ignore the commission fees for issuing the bond and taxes. The yield to maturity

for this bond is $10\%$ annually.