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Vandelay Industries needs to raise $50,000,000 by selling bonds. The bonds have a par value of $1,000, pay coupon interest semi-annually, have a coupon rate of 6.750%, mature in 20 years, and are expected to have a YTM of 6.159%. Vandelay Industries will have to sell _____ bonds to raise the needed funds. (round to the nearest whole number)

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Vandelay Industries needs to raise $50,000,000 by selling bonds. The bonds have a par value of $1,000, pay

coupon interest semi-annually, have a coupon rate of 6.750%, mature in 20 years, and are expected to have a YTM of 6.159%. Vandelay Industries will have to sell _____ bonds to raise the needed funds. (round to the nearest whole number)

 
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