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QS 14-5A Computing bond price LO C2 Garcia Company issues 6.00% 15 year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 400%, which implies a selling price of 122 13. Confirm that the bonds' selling price is approximately correct. Use present value Table B.1 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) Selling Price $ 318.110 Present Value Par Value * Price $ 260.000 122 1/3 Cash Flow Table Value 5260.000 par (maturity) value 57 800 interest payment Price of Bond Difference due to rounding of table values S 318.110