M10-5 (Algo) Computing the Price of a Bond Issued at a Discount LO10-4 Trew Company plans to issue bonds with a face value of $903,000 and a coupon rate of 6 percent. The bonds will mature in 10 years and pay interest semiannually every June 30 and December 31 . All of the bonds are sold on January 1 of this year (EV of $1, PV of $1. FVA of \$1, and PVA of Si) Determine the issuance price of the bonds assuming an annual market rate of interest of 8.5 percent