Howard Company issues bonds with a par value of $900,000 on their issue date. The bonds mature in 5 years and pay 6% annual interest in semiannual payments. On the issue date, the market rate of interest (annual) is 8%. Compute the price of the bonds on their issue date. (If PV tables are used, select the closest answer from the options provided.). A. $720,343 B. $827,002 C. $838,146 D. $786,305