Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Confirm that the bonds' selling price is approximately correct (within $100). Use the present value tables B.1 and B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Par Value x Price = Selling Price 87 1/2 Cash Flow Table Value Present Value $250,000 par (maturity) value $10,000 interest payment Price of Bond Difference due to rounding of table values