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Selling bonds.Lunar Vacations needs to raise $5,700,000 for its new project (a golf course on the moon). Astro Investment Bank will sell the bond for a commission of 2.4% . The market yield is currently on twenty-year semiannual bonds. If Lunar wants to issue a 5.6% semiannual coupon bond, how many bonds will it need to sell to raise the $5,700,000? Assume that all bonds are issued at a par value of $1000!.

Next question Felling bonds. Lunar Vacations needs to raise $5,700,000 for its new project (a golf course on the moon). Astro Investment End for a commission of 2.4%. The market yield is currently 7.6% on venty-year semiannual bonds. If Lunar wants to issue a 5.6% semiannual coupon bond, how many bonds will it need to sell to raise the $5,700,000? Assume that all bonds are issued at a par value of $1,000. How many bonds will Lunar need to sell to raise the $5,700,000? (Round to the nearest whole number.)