LBJ Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 24.00 year maturities with a coupon rate of 7.02% APR with semi-annual coupon payments (assume a face value of $1,000 on the bond). The current market rate for similar bonds is 9.42% APR. The company hopes to raise $39.50 million with the new issue. Based on the current market rate, what will one of the new bonds sell for? Submit Answer format: Currency: Round to: 2 decimal places. LBJ Enterprises is issuing new bonds for a capital budgeting project. The bonds will have 24.00 year maturities with a coupon rate of 7.26% APR with semi-annual coupon payments (assume a face value of $1,000 on the bond). The current market rate for similar bonds is 9.04% APR. The company hopes to raise $36.00 million with the new issue. To raise the debt, how many bonds must the company issue? (round to two decimal places) Submit Answer format: Number: Round to: 2 decimal places