Question: Seved QS 10-20A (Algo) Computing bond price LO C2 Compute the selling price of 8.00%, 15-year bonds with a par value of $280,000 and semiannual

Seved QS 10-20A (Algo) Computing bond price LO C2 Compute the selling price of 8.00%, 15-year bonds with a par value of $280,000 and semiannual interest payments. The annual market rate for these bonds is 6.00%. Use present value Table Bi 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.) Cash Flow Table Value Present Value $280,000 par (maturity) value $11,200 interest payment Price of Bond

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