Mark has a Government of Canada bond that has a par value of $30 000 and a

Question:

Mark has a Government of Canada bond that has a of $30 000 and a rate of 6 percent, payable semi-annually. The bond has 15 years to maturity. Mark needs to sell the bond, and new bonds are currently carrying rates of 8 percent, payable semi-annually. At what price could Mark sell the bond?
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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...