Garcia Company issues 7.00%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the Issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 109 7/9 Confirm that the bonds' selling price is approximately correct Use present value Table Bl and Table 8.3 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.) = = Jenny Price $ 428,142 Present Value Par Value x Price 390,000 109 7/9 Table Cash Flow Value $390,000 par (maturity) value $13,650 interest payment Price of Bond Difference due to rounding of table values