Required information [The following information applies to the questions displayed below. Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 Confirm that the bonds, selling price is approximately correct (within $100). Use present value Table B1 and Table B.3 in Appendix B (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Par Value Selling Price x Price 871/2 Table Value Cash Flow $250,000 par (maturity) value $10,000 interest payment Price of Bond Difference due to rounding of table values $ 218,750 Present Value 73,825 140,939 0.2953 14.0939 218,662