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:

n=		i=			Present Value of an Annuity (series of payments)		Present value of 1 (single sum)
5		8	%		3.9927		0.6806
10		4	%		8.1109		0.6756
5		6	%		4.2124		0.7473
10		3	%		8.5302		0.7441