Required information [The following information applies to the questions displayed below.) Enviro Company issues 10%, 10-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 12. 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.) Selling Price $ 345,150 Present Value Par Value x Price 88 1/2 Cash Flow Table Value $390,000 par maturity) value $19,500 interest payment Price of Bond Difference due to rounding of table values 345,150