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please explain this question 02 The Happy Pty Ltd is raising $10 million by issuing 20-year bonds with a coupon rate of 8 per cent

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please explain this question

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02 The Happy Pty Ltd is raising $10 million by issuing 20-year bonds with a coupon rate of 8 per cent and a face value of $1000. Coupon payments will be annual. Investors buying the bond currently will earn a yield to maturity of 12.00 per cent. At what price will the bonds sell in the marketplace? Explain. Unanswered

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