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as 14-5A Computing bond price LO C2 Garcia Company issues 9.00%, 15-year bonds with a par value of $270,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 129 l/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.) Par Value x Price 129 1/3 Table Value Selling Price $349,245 Present Value 270,000 Cash Flow $270,000 par (maturity) value $12,150 interest payment Price of Bond Difference due to rounding of table values 79,191.0000 $ 349,245