Marwick Corporation issues 12%, 5-year bonds with a par value of $1,060,000 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: number of periods (n) interest rate (i)- Present Value of an Annuity (series of 5 12% payments) 3.6048 Present value of 1 (single sum) 0.5674 10 6% 7.3601 5 10% 3.7908 0.5584 0.6209 10 5% 7.7217 0.6139 Multiple Choice O $568,900