QS 10-5A Computing bond price LO C2 Garcia Company issues 10.00%, 15-year bonds with a par value of $400,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 117 1/4. 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 $ 469,000 Present Value Par Value x Price 400,000 117 114 Cash Flow Table Value $400,000 par (maturity) value $20,000 interest payment Price of Bond Difference due to rounding of table values