Garcia Company issues 10.00%, 15-year bonds with a par value of $490,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 117 1/4 Confirm that the bonds' selling price is approximately correct. Use present value Table 3.1 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.) Selling Price $ 574,525 Present Value Par Value * Price $ 490,000 117 1/4 Cash Flow Tablo Value $490,000 par (maturity) value $24,500 interest payment Price of Bond Difference due to rounding of table values $ 574,525