How much will you have to pay today, August 15th, for an 8% coupon, 
            $1,000 par value, bond quoted at 95? The bond pays interest 
            semiannually, on June 1 and December 1.

Fatima1102 --

Bonds are priced in "bond points," which indicate the percent of the
face value being paid --

Trading Glossary
"Bond points" (undated)
http://www.trading-glossary.com/b0193.asp

You've indicated that your $1,000 par value bond is priced at 95 --
meaning that you're paying $950 (before any commission).  Your actual
yield is higher than 8%, both because of the discount and because of
the timing of your purchase (bought in August, you're only waiting
until December for your first $40 payment).

Google search strategy:
"bond points" definition

Best regards,

Omnivorous-GA