Marwick Corporation issues $12\%,5$ year bonds with a par value of $$1,030,000$ and semiannual interest payments. On the issue date, the annual market rate for these bonds is $10\%.$ What is the bond's issue $($selling$)$ price, assuming the following Present Value factors:

$\backslash$table$[[\backslash$table$[[$Present Value of an$],[$Annuity$],[($series$]],$Present value of $1],[1n=,i=,$of payments$),($single sum$),,],[5,12\%,3\mathrm{.}6048,0\mathrm{.}5674,,],[10,6\%,7\mathrm{.}3601,0\mathrm{.}5584,,],[5,10\%,3\mathrm{.}7908,0\mathrm{.}6209,,],[10,5\%,7\mathrm{.}7217,0\mathrm{.}6139,,]]$

Multiple Choice

$$819,244$