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Khanijow s wants to raise $ 1 2 . 4 million to expand its business. To accomplish this, it plans to sell 2 5 -

Khanijows wants to raise $12.4 million to expand its business. To accomplish this, it plans to sell 25-year, $1,000 face value, zero-coupon bonds. The bonds will be priced to yield 6.5 percent, with semiannual compounding. What is the minimum number of bonds the firm must sell to raise the $12.4 million it needs?
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60,107
60,435
52,667
59,864
61,366

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