Suppose we have a one-year bond that pays coupon semiannually. If the coupon rate is 8% and the required rate of return (yield to maturity) is also 8%, what is the price of the bond given the par value is $1,000? What about if the bond pays coupon quarterly or annually?

Please answer all parts of the questions. A step-by-step explanation would be helpful and what formula to use. Will thumbs up for a correct response. Thank You.