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Iceberg Frozen Foods, Inc., issued 2 0 - year, $ 1 , 0 0 0 bonds with an 8 % annual coupon rate. What is

Iceberg Frozen Foods, Inc., issued 20-year, $1,000 bonds with an 8% annual coupon rate. What is the selling price (rounded to the nearest cent) of these bonds if the current yield to maturity is 10.10%?
A. $839.94
B. $1,058.65
C. $1,000.00
D. $822.43
please explain with a detailed equation.

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