O Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below) Enviro Company issues 10%, 10-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. QS 14-3A Computing bond price C2 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.) Selling Price $ 212,400 Present Value Par Value x Price $ 240.000 88 1/2 Cash Flow Table Value $240,000 par (maturity) value $12,000 interest payment Price of Bond Difference due to rounding of table values 212.400