Question: please help me with question, i am stuck. Ten years ago, Jovic Corp. issued 2 0 - year bonds that had a coupon rate of

please help me with question, i am stuck. Ten years ago, Jovic Corp. issued 20-year bonds that had a coupon rate of 12
percent with the interest paid semi-annually. If these bonds are now trading with
an 8 percent market required yield, at what price are these bonds now selling?
The par value of the bonds is $1,000. Why is the price now different from the
par value?
please help me with question, i am stuck. Ten years ago,

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