Question: How Do solve the following question? Thank you for your help. Garcia Company issues 6.00%, 15-year bonds with a par value of $260,000 and semiannual

How Do solve the following question? Thank you for your help.

Garcia Company issues 6.00%, 15-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 4.00%, which implies a selling price of 122 13. 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. Par Value x Price Selling Price - $318,110 Present Value 260,000122 1/3 Cash Flow $260,000 par (maturity) value $7,800 interest payment Price of Bond Difference due to rounding of table values Table Value

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