On December 31, 2014, Callahan Auto issued $900,000 of 9%, 10-year bonds. Interest is payable semiannually on June 30 and December 31.

What is the issue price if the bonds are sold to yield 8%

Present Value of a Single Amount 1 0.990 10 0.98039 0.97087 C.961 54 0.95228 0.94340 0.93458 0.92593 .91743 0.90909 0.89286 0.877 19 c-26207 0.84746 0.83333 0.80C00 0.76923 4 0.96098 092385 0.3049 C.BS4ac 0.82270 079209 0.76290 0.735C3 C.70a43 0.6B301 063552 0.39208 C.55229 0.51379 048225 040963 0.35013 5 0.95147 0.9C 573 0.86261 C.82193 0.78353 0.74726 0.71299 0.68038 c.649?3 0.62392 0.56743 0.31937 .476 1 1 0.43711 0.40188 0.32768 0.26933 6 0.94205 088797 .83748 C.73 l n.74622 0.704 ahdd34 0.63 17 n39627 0.56447 5OA63 .45539 n.4 1044 n.37043 0.33490 a262.4 0.207 la 7 0.93272 007056 0.813 0.73992 3,71C6B 0 506 0.62275 058349 0.54703 0.51316 0.45235 033964 O. 35383 0.31 393 0.27903 0.20972 013937 8 0.92345 0.83349 0.78941 C.73069 0.67684 062741 .58201 0.54027 . 50187 0.46651 O.40388 0.35C56 -30503 0.26604 0.23257 O. 16777 0.12259 10 0.30523 0.82035 0740 C.6756 0.51331 035839 0.50335 045319 C.42241 0.38554 0.321 025974 C2266 0.19106 016151 0.10737 07254 11 0.69632 08C426 0.72242 C64958 0.5846B 052679 0.47509 042828 0.38753 0.35349 0. 28748 0.23662 t. 19542 0.16192 0.13459 0.38590 0055ac 12 0.68745 0.78849 0.70138 C.624&C D.55684 0.49697 0.44401 0.3 97 1 1 C.35553 0.31862 0.25668 0.20756 .16846 0.13722 0.11216 0.36872 0.04292 14 0.859 07378 0612 C37742 0.50307 041230 0.372 034046 0.29925 0.25333 0.20152 015971 C 12520 002235 007789 0.0438 0254C 15 0.86130.74331 0.62 186 C.5526 0.48 102 O.41 727.36245 031524 0.27454 0.23939 0.18270 0.14010 C.10793 0.08352 0.06491 0.0358 0.01954 16 0,85282 072845 0.62317 C.53391 r: 45811 039365 033873 0.29189 25187 0.21763 016312 0.12289 CC93n4 r.07078 005409 0328.5 OOI 503 17 O.B443B 0.71416 0.60502 C.31337 0.43630 0.37136 0. 31657 0.27027 0.23 107 0.13784 0.14564 a10780 C.C802 1 0.05998 0.04537 0.32252 .01 15e 18 0.63602 0.7c016 0.38739 C.492 63 0.41352 0.3 5034 0.293 B O.25025 .211?? 0.17986 0.13034 0.09156 C.C6914 0.050B3 0.03756 0.31801 0.03885 19 O.82774 0.68643 0.57029 C.4/464 0.39573 0.23051.27651 0.23171 . 19449 0.16351 0.11611 0.08295 C.CS961 0.04308 0.03 130 0.31441 0.02684 20 0A1954 067297 .5536B C.45A39 r.37A9 031180 a25A42 021455 n17843 0.14864 010367 .07276 r.cs139 r: 0351 00261A :::1 I 53 0.02526 21 0.61143 0.63978 0.33735 C.43 583 0.35294 O.2?4 16 0.24 1 51 0.19866 c. 16370 0.135 1 3 0.09256 .06383 .C443C 0.03094 0.02174 0.30922 0.00 (03 22 O.80340 .6468 0.52189 .42196 0.34185 O.2//51 a.22371 0.18394 . 1.5018 0. 1228s DLIA2h4 0.05399 .C3819 0.02622 0.01 81 1 O.g/38 0.02311 22 079544 06341 0,50669 C 40573 32557 026O21C95 0.17032 t: 13778 0.111 0A7379 .0e911 CC3292 r: 02222 001539 or:i90 O.OQ23G 24 0.78737 0.62172 49193 C.39012 0.31007 024698 .19715 05770 0.12610 0.10133 0.06588 004308 C.C2538 0.01883 001258 0.00472 000184 27 0.76440 058586 0.45C19 34682 0.26785 020737 16093 0.12519 009761 0.07428 004689 0.02908 CC181 &Cm 14t, 0728 000:242 0 00084 28 0.75684 0.57437 0.43708 C.33348 0.2530? 0.19563 0.15C43 0.11591 C.C2955 0.06934 0.04, 87 .02531 .C1567 0.00971 0.00537 0.30193 0.03362 29 0.74934 056311 .42435 C.32063 n.24225 0.1845614c56 0.10733 nna215 O.OA304 Dn3738 0.02237 C.C 135 l n.00823 0005Mb 155 0.cnnsc 30 074192 0.55207 0411 3032 .2313 0141 01313 003 .0733 0053 0.03330 001963 CC1163 60063 000421 0.00124 00003 123456789012345678901