Question: Pinnacle Consulting is planning to issue a zero - coupon bond with a 1 5 - year maturity at a yield to maturity of 5

Pinnacle Consulting is planning to issue a zero-coupon bond with a 15-year maturity at a yield to maturity of 5.75%. Pinnacle needs to raise $15,000,000. To the nearest thousand, how many bonds do they need to issue?
$22,948,000
$35,107,000
$34,698,000
Pinnacle Consulting is planning to issue a zero-coupon bond with a

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