2 Spiller Corporation plans to issue 10%,15-year, $500,000 par value bonds payable that pay 3 interest semiannually on June 30 and December 31 . The bonds are dated January 1 of the 4 rurrent vear and are iscued on that date 13 If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash 14 proceeds from the bond issue