Lauren, who is the CFO of BAX, is considering a plan to raise $64,000,000 by selling bonds. If the bonds have a $1,000 par value, mature in 20 years, pay semi-annually, have a coupon rate of 6.00% and a yield-to-maturity of 5.90%, then Lauren will compute that BAX must sell _______ bonds. (Round to the nearest whole number.)

a. 61,286

b. 61,899

c. 62,500

d. 63,263

e. 63,854