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Marwick Corporation issues 8 % , 5 - year bonds with a par value of $ 1 , 0 0 0 , 0 0 0

Marwick Corporation issues 8%,5-year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%.What is the bond's issue (selling) price, assuming the following Present Value factors:10Present Value of an AnnuityPresent value of $1n=i=0.0680658%3.99270.6756104%8.11090.74734.212456%0.7441

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