Marwick Corporation issues 12%, 5 year bonds with a par value of $1,230,000 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: in= i= 5 12% 10 68 5 10% 105% Present Value of an Annuity (series of payments) 3.6048 7.3601 3.7908 7.7217 Present value of 1 (single sum) 0.5674 0.5584 0.6209 0.6139 Multiple Choice $1,230,000 $1,019,244