please need answer for this one

You are engaged by a CPA firm to help audit the financial statements of one of its clients, GTE corporation. GTE is the holder of a bond issued by AT\&T, which will mature in 12 years, with a par value of $1,000, and annual coupon rate of 8%. If the market prevailing interest rate is 78 on the bonds in the same category, the CPA firm asks you to help estimate the value or price of the bond