Required information The following information applies to the questions displayed below.) Stark Utilities is planning to issue bonds with a face value of $1,500,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year, Stark uses the effective Interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1. PV of $1. FVA of $1, and PVA of S1) (Hint: create an amortization table for the first two periods) Required: 1. What was the issue price on January 1 of this year? (Round arest whole dollar amount.) Issue price