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Selling bonds Lunar vacatons needs to raise ss, 500,000 for its new progect (a gof course on the moon). Astro investment Bank wil sol the

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Selling bonds Lunar vacatons needs to raise ss, 500,000 for its new progect (a gof course on the moon). Astro investment Bank wil sol the bond or a commission of 23%, The market yield is currently 7 1 % on twenty year se annual bonds iunar wants to issue a 55% sermannual coupon bond, how many bonds iii t need to sel rase ne s 550 0007 Assume that all bonds are issued at a par value of $1,000 How many bonds will Lunar need to sell to raise the $5,500,000? Round to the nearest whole number) Round to the nearest whole number.)

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