On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years and pay 8% annual interest each June 30 and December 31. On the issue date, the market rate of interest is 6%. . The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. On the issue date, the market rate of 6%. Compute the price of the bonds on their issue date. The following information is taken from present value table: What is the bond price? face value? annual coupon payment? annual yield (%)? years to maturity?