A firm needs $$3$ million to expand its business. To accomplish this, the firm plans to sell $25-$year, $$1,000$ face value zero coupon bonds. The bonds will be priced to yield $7\mathrm{.}15$ percent with interest compounded semiannually. What is the minimum number of bonds the company must sell? Ignore all issue costs.

Multiple Choice

$10,424$ bonds

$4,174$ bonds

$10,333$ bonds