Multiple Choice $1,230,000 $1,019,244 $1,799,861 $1,324,958 $660,139

qarwick Corporation issues 12%, 5-year bonds with a par value of $1,230,000 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 periods 5 10 5 10 of (n)= interest rate 6% 5% Present Value of an Annuity (series of payments) 3.6048 7 . 3601 3.7908 7. 7217 Present value of 1 (single sum) o. 5674 o. 5584 o. 6209 o. 6139 Multiple Choice $1,230,000 $1,019,244 $1,799,861 $1,324,958 $660,139