no excel sheet please work out with steps

Homework 14 1. The corporate bond shown below was issued on July 2, 1967 with a face value of S1000, a maturity date of July 1, 1992 and a coupon rate of 92% per year. Coupons were payable on January I and July 1 of each year 1000 1000 AMERICAN AIRLINES.INC. Assume it is July 2, 1982 and I can purchase this bond on the secondary bond market for $825.62. If my MARR for bonds with similar ratings and times to maturity is 12% per year nominal, should I purchase this bond? 2. Now assume that it is July 2, 1987 and, due to changes in market interest rates, I would purchase this bond if I could earn an 8% per year nominal interest rate. What is the most I would be willing to pay for this bond