Selling bonds.  lunar vacations needs to raise $ 6 comma 200 comma 000 for its new project (a golf course on the moon). astro investment bank will sell the bond for a commission of 2.1 %. the market yield is currently 7.3 % on twenty-year semiannual bonds. if lunar wants to issue a 5.5 % semiannual coupon bond, how many bonds will it need to sell to raise the $ 6 comma 200 comma 000? assume that all bonds are issued at a par value of $ 1 comma 000. how many bonds will lunar need to sell to raise the $6 comma 200 comma 000?

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.