Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 . Confirm that the bonds' selling price is approximately correct (within $100). Use present value Table B1 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.) Selling Price $ 281400 Present Value Par Value * Price 240,000 117 114 Cash Flow Table Value $240,000 par (maturity) value $12,000 interest payment Price of Bond Difference due to rounding of table values 281400