Question: Marwick Corporation issues 10%, 5-year bonds with a par value of $1,160,000 and semiannual interest payments. On the issue date, the annual market rate for

Marwick Corporation issues 10%, 5-year bonds with a par value of $1,160,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%. What is the bond's issue (selling) price, assuming the following Present Value factors:

Marwick Corporation issues 10%, 5 year bonds with a par value of $1,160,000 and serniarinual interest payments. On the issue date, the annual matket rate for these bonds is 80 What is the bands issue (selling) price, assuming the following Present Value factors Matipie choce 344974 $1.160000

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