1. Crazy Inc. has 9 percent coupon bonds on the market that have 11 years left to maturity and a par value of $1,000. If the bonds make annual payments and the YTM on these bonds is currently 8 percent, what is the current price of these bonds?

I have started, but unsure how to solve this equation. Please show work, thank you.

P = 90({1-[1/(1+0.08)]¹¹/0.08) + 1000[1/(1+0.08)¹¹]