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Question 10 (1 point) Haste Enterprises issues 20-year. $1,000,000 bonds that pay semiannual interest of...

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Question 10 (1 point) Haste Enterprises issues 20-year. $1,000,000 bonds that pay semiannual interest of $40,000. If the effective annual rate of interest is 10%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n - 20:i - 10% is 8.51356 **PV of $1: n = 20; i = 10% is 0.14864 * PV of ordinary annuity of $1: n = 40:1 - 5% is 17.5909 **PV of $1: n = 40; i = 5% is 0.14205 $828,000 $893,000. $1,000,000 $1,686,000

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