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Marwick Corporation issues 10%, 5 year bonds with a par value of $1,220,000 and semiannual interest payments. 0n the issue date, the annual market rate

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Marwick Corporation issues 10%, 5 year bonds with a par value of $1,220,000 and semiannual interest payments. 0n the issue date, the annual market rate for these bonds is 8%. What is the bond's issue (selling) price, assuming the following Present Value factors: Present Value Present n= i= of an Annuity value of $1 5 10% 3.7908 0.6209 10 5% 7.7217 0.6139 5 8% 3.9927 0.6806 10 4% 8.1109 0.6756 Multiple Choice 0 $1,318,997 $1,220,000 $725,235 $1,714,765 $1,009,244 0000

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