Marwick Corporation issues 8%, 5 year bonds with a par value of $1,040,000 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: i= B% n= 5 10 5 10 Present Value of an Annuity 3.9927 8.1109 4.2124 8.5302 Present value of $1 0.6806 0.6756 0.7473 0.7441 4% 6% 38 Multiple Choice $1,394,856 $685,144 O O $829,244 $1,128,720