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: number of periods (n)= 5 10 5 10 Multiple Choice $658,792 $1,341,208 $789,244 interest rate (i)= 8% 4% 6% 3% $1,085,308 Present Value of an Annuity (series of payments) 3.9927 8.1109 4.2124 8.5302 Present value of 1 (single sum) 0.6806 0.6756 0.7473 0.7441

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: Multiple Choice 5658.792 $1,341,208 $789,244 $1,085.308 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: Multiple Choice 5658.792 $1,341,208 $789,244 $1,085.308