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How do I solve for the selling price of a bond. Here is my question.... When Patey Pontoons issued 10% bonds on January 1, 2016,

How do I solve for the selling price of a bond. Here is my question....

When Patey Pontoons issued 10% bonds on January 1, 2016, with a face amount of $640,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2019 (4 years). Interest is paid semiannually on June 30 and December 31. I am having trouble with the concept.

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