Selling bonds.Lunar Vacations needs to raise $6,300,000 for its new project(a golf course on themoon). Astro Investment Bank will sell the bond for a commission of 2.9%. The market yield is currently 7.8% ontwenty-year semiannual bonds. If Lunar wants to issue a 6.2% semiannual couponbond, how many bonds will it need to sell to raise the $6,300,000? Assume that all bonds are issued at a par value of $1,000.

How many bonds will Lunar need to sell to raise the $6,300,000?