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QS 1 0 - 1 9 A ( Algo ) Computing bond price C 2 Compute the selling price of 8 % , 1 0

QS 10-19A (Algo) Computing bond price C2
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.
\table[[Cash Flow,Table Value,Present Value],[$310,000 par (maturity) value,,],[$12,400 interest payment,,],[Price of Bond,,]]
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