What is the price of the bond that shah bought, Financial Accounting

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What is the price of the bond that shah bought

Problem

CNC Bond has a coupon rate of 5%, with a 10-year maturity period and a par value of RM1,000 and pays coupon annually.

Shah bought the bond when it still has 8 years of maturity ( the bond was bought after 2 years it was issued). The yield to maturity at the time of purchase is 5%. What is the price of the bond that Shah bought? Show calculation with explanation.

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Financial Accounting: What is the price of the bond that shah bought

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Financial Accounting: What is the price of the bond that shah bought

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