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QS 14-5A Computing bond price LO C2 Garcia Company issues 7.00%, 15-year bonds with a par value of $350.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 109 7/9. 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.) - - Selling Price $ 3B4 195 Present Value Par Value x Price 350.000 109 7/9 Cash Flow Table Value $350,000 par (maturity) value $12,250 interest payment Price of Bond Difference due to rounding of table values