Northern Warehouses wants to raise $10 million to expand its business. To accomplish this, it plans to sell 35-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 6 percent. What is the minimum number of bonds it must sell to raise the $10 million it needs? Assume semiannual compounding. rev: 11_02_2017_QC_CS-107720

82,714

79,178

158,356

60,534

66,588