What is the current price of the bond, Financial Accounting

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What is the current price of the bond

Problem

A couple purchased a bond for $950.00 three years ago. The bond pays 7.50% APR with semi-annual coupons with a face value of $1,000. Currently, the bond has exactly 10 years until maturity, and investors seek a return of 12.00% APR on bonds of similar risk. What is the current price of the bond?

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Financial Accounting: What is the current price of the bond

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Financial Accounting: What is the current price of the bond

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