Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) O Multiple Choice 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds 62,059 bonds

Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have o coupon rate of 594 percent paid semiannually and that mature in 25 years. The bonds will be sold ot an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be soid to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole number.) Multiple Choice 49.647 bonds 163,017 bonds 90,200 bonds 45,100 bonds 62,059 bonds