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Compute the selling price of 10%, 10-year bonds with a par value of $250,000 and semiannual interest payments. The annual market rate for these bonds

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Compute the selling price of 10%, 10-year bonds with a par value of $250,000 and semiannual interest payments. The annual market rate for these bonds is 12%. 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.) X Answer is complete but not entirely correct. Cash Flow Table Value Present Value 0.3220 x $ $250,000 par (maturity) value $12,500 interest payment Price of Bond 5.6502 80,500 X 70,628 X 151,128 X $

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