7.

Compute the selling price of 12.00%, 15-year bonds with a par value of $410,000 and semiannual interest payments. The annual market rate for these bonds is 10.00%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount.) Table Value Present Value Cash Flow $410,000 par (maturity) value $24,600 interest payment Price of Bond