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Selling bonds. Lunar Vacations needs to raise $ 5 , 6 0 0 , 0 0 0 for its new project ( a golf course

Selling bonds. Lunar Vacations needs to raise $5,600,000 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 7.3% on twenty-year semiannual bonds. If Lunar wants to issue a 5.8% semiannual coupon bond, how many bonds will it need to sell to raise the $5,600,000? Assume that all bonds are
issued at a par value of $1,000.
How many bonds will Lunar need to sell to raise the $5,600,000?
(Round to the nearest whole number.)
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