Haste Enterprises issues 15 -year, $1,000,000 bonds that pay semiannual interest of $40,000. If the effective annual rate of interest is 10%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: "PV of ordinary annulty of $1:n=15;1=10% is 7.60608 "PV of $1:n=15;1=10% is 0.23939 "PV of ordinary annuity of $1:n=30,1=5.0% is 15.37245 "PV of $1:n=30;1=5.0% is 0.23138 Multiple Choice $1,000.000 $906.278