Excellent Corporation wants to build a new office in downtown Elora. To fund this $25 million operation, Excellent will issue 10-year bonds with a face value of $1,000 and a coupon rating of 7.0%, paid annually. The following table shows the yield to maturity for similar ten-year corporate bonds across credit ratings. Rating YTM AAA AA A BBB BB 6.70% 6.80% 7.00% 7.40% 8.00% Assuming that Excellent's bonds receive a AAA rating, the number of bonds that Excellent must issue to raise $25 million is closest to: 24,477 25,000 26,681 25,114 24,655