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 Jable B.1 and Jable B.3 in Appendix EB (Round ell table values to 4 decimal places, and use the rounded table values in calculetions. Round your other final answers to nearest whole dollar amount 240,000 1/4 S 281,400 $240,000 par (maturity) value $12,000 interest payment Price of Bond Oference due to rounding of table values 281400 Prex 4019 Next> here to search 46 2 3 45 678 9C