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MC algo 5-37 Bond Pricing Seliakian indistries needs to raise $60.3 million to fund a new project. The company will sell bonds that have a

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MC algo 5-37 Bond Pricing Seliakian indistries needs to raise $60.3 million to fund a new project. The company will sell bonds that have a coupon tate of 5.68. percent paid semiannually and that mature in 20 years. The bonds will be sold at an initial YTM of 631 percent and have a par value of \$2000. How many bonds must be sold to raise the riecessary funds? (Round your intermediate calculations to two decimal places and final answert to the nearest whole number.)

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