Garcia Company issues 7.00%, 15-year bonds with a par value of $360,000 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 B.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 Par Value x Price $ 109 7/9 $ 360,000 395,172 Table Value Cash Flow Present Value $360,000 par (maturity) value $12,600 interest payment Price of Bond Difference due to rounding of table values