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Garcia Company issues 7.00%, 15-year bonds with a par value of $480,000 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 3/4. 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 $ 526,848 Present Value Par Value x Price 480,000 109 3/4 Cash Flow Table Value $480,000 par (maturity) value $16,800 interest payment Price of Bond Difference due to rounding of table values $ 526,848