Please assist with the given problem.
Benson Incorporated has bonds with the following features: Par value of $1,000, maturity of 12 years, and a coupon rate of 8%. The yield to maturity is 10%. Please determine if the bond sells for a premium, par, or discount and explain your answer. Calculate the value of the bond if interest is paid on an annual basis versus a semi-annual basis. Show your work in a step by step calculation.