Marwick Corporation issues $12\%,5$ year bonds with a par value of $$1,030,000$ and semiannual interest payments. On the issue date, the annual market rate for these bonds is $10\%.$ What is the bond's issue $($selling$)$ price, assuming the following Present Value factors:

$1$n$=$ i$=$ Present Value of an Annuity

$($series

of payments$)$ Present value of $1$

$($single sum$)$

$512\%3\mathrm{.}60480\mathrm{.}5674$

$106\%7\mathrm{.}36010\mathrm{.}5584$

$510\%3\mathrm{.}79080\mathrm{.}6209$

$105\%7\mathrm{.}72170\mathrm{.}6139$

Multiple Choice

$$1,030,000$

$$819,244$

$$1,507,201$

$$1,109,518$

$$552,799$