The following information pertains to Camp Corp.s issuance of bonds on July 1, 20X3:

Face amount	$800,000
Term	Ten years
Stated interest rate	6%
Interest payment dates	Annually on July 1
Yield	9%

	At 6%	At 9%
Present value of one for ten periods	0.558	0.422
Future value of one for ten periods	1.791	2.367
Present value of ordinary annuity of one for ten periods	7.360	6.418

What should be the issue price for each $1,000 bond?

$807

$864

$1,000

$700