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Help Dektronik Corporation manufactures electrical test equipment. The company's board of directors authorized a bond issue on January 1. year 1, with the following terms:

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Help Dektronik Corporation manufactures electrical test equipment. The company's board of directors authorized a bond issue on January 1. year 1, with the following terms: Use Table 9C1 and Table 9C.2. (Round time value factor to 4 decimal places.) Maturity (par) value: $800,000 Interest: 7.5 percent per annum payable each December 31 . Maturity date: December 31, year 5 Effective interest rate when sold: 8 percent . Required: 1. Compute the bond issue price. Bond issue price

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