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Moon Software Inc. is planning to issue two types of 25-year, noncallable bonds to raise a total of $4 million, $2 million from each type

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Moon Software Inc. is planning to issue two types of 25-year, noncallable bonds to raise a total of $4 million, $2 million from each type of bond. First, 2,000 bonds with a 10% semiannual coupon will be sold at their $1,000 par value to raise $2,000,000. These are called "par" bonds. Second, Original Issue Discount (OID) bonds, also with a 25-year maturity and a $1,000 par value, will be sold, but these bonds will have a semiannual coupon of only 6.25% (i.e., 3.125% every 6 months). The OID bonds must be offered at a price below par in order to provide investors with the same effective yield as the par bonds. How many OID bonds must the firm issue to raise $2,000,000 ? Round your final answer up to a whole number of bondsy 3,211 3,173 3,126 3,041

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