Marwick Corporation Issues 8%,5-Year Bonds with a Par Value of $1,000,000

Multiple Choice

Marwick Corporation issues 8%,5-year bonds with a par value of $1,000,000 and semiannual interest payments.On the issue date,the annual market rate for these bonds is 6%.What is the bond's issue (selling) price,assuming the following Present Value factors:

A) $1,000,000
B) $789,244
C) $1,341,208
D) $1,085,308
E) $658,792