agement Fall 2019 Fadi Nshimlyimana & 10/23/19 Homework: Chapter 9 Homework: Debt Valuation & Interest Rat Score: 0 of 3 pts 2 of 3 (3 complete) HW Score: 72.73 % , P9-10 (similar to) Question (Related to Checkpoint 9.3) (Bond valuation) Doisneau 18-year bonds have an annual coupon interest of 12 percent, make interest payments on a semiannua and have a $1,000 par value. if the bonds are trading with a markets required yield to maturity of 11 percent, are these premium or discount bonds? Explain you What is the price of the bonds? a. If the bonds are trading with a yield to maturity of 11%, then (Select the best choice below.) A. the bonds should be selling at par because the bond's coupon rate is equal to the yield to maturity of similar bonds. B. the bonds should be selling at a discount because te bond's coupon rate is less than the yield to maturity of similar bonds. c. there is not enough information to judge the value of the bonds. D. the bonds should be selling at a premium because the bond's coupon rate is greater than the yield to maturity of similar bonds. (Round to the nearest cent.) The price of the bonds is $694.18 b