JRJ Corporation recently issued 20-year bonds at a price of $1000. These bonds pay $120 in interest every six months. Their price has remained stable since they were issued; that is, they still sell for $1000. Due to additional financing needs, the firm wishes to issue new bonds that would have a maturity of 20 years, a par value of $1,000, and pay $60 in interest every six months. If both bonds have the same yield, how many new bonds must JRJ issue to raise $8,000,000? calculate the yield, new bond and existing bond