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

Selling bonds. Lunar Vacations needs to raise $6,500,000 for its new project (a golf course on the moon). Astro Investment Bank will sell the bond for a commission of 2.5%. The market yield is currently 7.5% on twenty-year semiannual
bonds. If Lunar wants to issue a 6.4% semiannual coupon bond, how many bonds will it need to sell to raise the $6,500,000? Assume that all bonds are issued at a par value of $1,000.
How many bonds will Lunar need to sell to raise the $6,500,000?
(Round to the nearest whole number.)
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