QS $10-19$A $($Algo$)$ Computing bond price C$2$

Compute the selling price of $8\%,10-$year bonds with a par value of $$310,000$ and semiannual interest payments. The annual market rate for these bonds is $10\%.$ Use present value Table, B$.1$ and Table B$.3$ in Appendix B$.$

Note: Round all table values to $4$ decimal places, and use the rounded table values in calculations.

$\backslash$table$[[$Cash Flow,Table Value,Present Value$],[$$$310,000$ par $($maturity$)$ value,,$],[$$$12,400$ interest payment,,$],[$Price of Bond,,$]]$