Haste Enterprises issues 15-year, $1,000,000 bonds that pay semiannual interest of $45,000. If the effective annual rate of interest is 11%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 15; 1= 11% is 7.19087 **PV of $1: n= 15; i = 11% is 0.20900 * PV of ordinary annuity of $1: n = 30; i = 5.5% is 14.53375 **PV of $1: n= 30; i = 5.5% is 0.20064 Multiple Choice $854,659. $918,295. O (0) $1,000,000. d $1,654,019