Selling bonds.??Lunar Vacations needs to raise $5,600,000for its new project? (a golf course on the? moon). Astro Investment Bank will sell the bond for a commission of 2.7%. The market yield is currently 7.4%on? twenty-year semiannual bonds. If Lunar wants to issue a 5.5%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?

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