Telex, Inc, needs to raise $20 million by issuing bonds. It plans to issue a $1000 par value bond that makes semiannual coupon payments and has 10 years to maturity. The bond has a coupon rate of 5.00%. The yield to maturity on the bond is expected to be 6.90%. How many bonds must be issued (rounded up to the nearest whole number)? 1) 24,015 2) 23,139 3) 23,623 4) 23,848 5) 23,422 6) None of the answers in this list is within 20 bonds of the correct