A $10,000 face-value bond with a 10-year term-to-maturity and an 8% coupon rate currently sells at a

Question:

A $10,000 face-value bond with a 10-year term-to-maturity and an 8% rate currently sells at a price that produces an 8% yield-to-maturity. What is the bond's price? Calculate the bond's price if its yield rises to 10%; if its yield falls to 5%.
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...