Marwick Corporation issues 12%, 5 year bonds with a par value of $1,170,000 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: Present Value Present value ni- of an Annuity 5 12% 18 510% 18 3.6048 7.3601 3.7908 7.7217 of $1 0.5674 0.5584 .6209 .6139 63 5% Multiple Choice $959,244 S1,712063 627,937 $1,170,000