Marwick Corporation issues 10%, 5 year bonds with a par value of $1,080,000 and semiannual interest payments. On 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: i = 1n= 5 10 Present Value of an Annuity (series of payments) 3.7908 7.7217 3.9927 8.1109 i= 10% 5% 8 de CD OP Present value of 1 (single sum) 0.6209 0.6139 0.6806 0.6756 5 1 10 4 8 4% Multiple Choice $1,080,000 $869,244 $1,517,989 O $1,167637 O $642,011