solve without using financial calculator, i need to know the steps to solve.

3. An 8% coupon bond (assume annual coupons) matures in exactly 20 years. If you require a yield-to-maturity of 9%, how much should you be willing to pay for this bond? (Assume a $1,000 par value). a. Will the bond trade at a discount or premium to par? Explain! b. Set up the equation for computing the value of a bond. c. Indicate how you would solve the problem using a financial calculator