4 QS 14-5A Computing bond price LO C2 2 points Garcia Company issues 700%, 15-year bonds with a par value of $480,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 10934. Confirm that the bonds' selling price is approximately correct. 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. Round your other final answers to nearest whole dollar amount.) eBook Print r Value x Price Selling Price 480,000 109 3/4 S 526,848 Table Value Present Value sh Flow S480,000 par (maturity) value $16,800 interest payment Price of Bond Difference due to rounding of table values S 526,848