someone please solve this bond valuation question for me? Please mention all formulas in your solution; the answer is given in bracket.

3 The Banzai Auto Company has experienced a market re-evaluation lately due to a number of lawsuits. The firm has a bond issue outstanding with 15 years to maturity and a coupon rate of 8% (paid semiannually). The required rate has now risen to 12.25%. At what price can these securities be purchased on the market? [$ 711.37]