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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

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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 or a commission o 2.9%. The market yield is currently 7.7% on twenty-year semiannual bonds. If Lunar wants to issue a 5.7% 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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