On January 1, 2015 the Rodney Capital Partners, a U.S. GAAP reporter, issued $750,000 par value, 6%, six-year bonds. Interest is payable semiannually each Janiary 1 and July 1 with the first interest payment due at the end of the period on July 1, 2015. The market rate of interest on the date of the bond issue was 4%. Determine the issue price of the debt.