Question: Question 34 (4 points) Boeing (BA) needs $20 billion in new debt. The firm plans to issue bonds which pay $1,000 at maturity. The bonds

Question 34 (4 points) Boeing (BA) needs $20 billion in new debt. The firm plans to issue bonds which pay $1,000 at maturity. The bonds will carry a 4% coupon. If the yield on the bonds is 7.5%, how many bonds will Boeing need to sell? The bonds mature in 30 years and pay a coupon on a semiannual basis. (Note: round all answers to two (2) decimal places and use separating commas.)

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