What is the current value of a10 year bond with a coupon rate of 8% (annual) with

Question:

What is the current value of a10 year bond with a coupon rate of 8% (annual) with semi-annual payments if the current market interest rate is 7.9% (annual)?

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...