1)Consider alliedsignal's Corporation $1000 Par value, 9^7/8% coupon bonds that mature on June 1^st, 2024. Assume that the coupon on these bonds is paid annually.

a)Find the value of these bonds as of June 1^st, 2018 to an investor whos required rate of return is 7%.

b)It would be the value if the coupon was paid semi-annually?

preference: i need more work shown instead of formulas only listed please