QS 14-5A Computing bond price LO C2 Garcia Company issues 12.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.00%, which implies a selling price of 115 1/3. 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.) x Price Par Value $ 440,000 115 1/3 Selling Price $ 507,540 Present Value Cash Flow Table Value $440,000 par (maturity) value $26.400 interest payment Price of Bond Difference due to rounding of table values $ 507,540