The MerryWeather Firm wants to raise $30 million to expand its business. To accomplish this, the firm plans to sell 10-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 5 percent. What is the minimum number of bonds the firm must sell to raise the $30 million it needs? Use annual compounding.

30,000

48,867

129,658

259,317

24,433