Doisneau $18-$year bonds have an annual coupon interest of $9$ percent, make interest payments on semiannual basis, and have a $$1,000$ par value. If the bonds are trading with a market's required yield to maturity of $11$ percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds?

$1.$ If the bonds are trading with a yield to maturity of $11\%$ then

a$.$ there is not enough information to judge the value of the bonds.

b$.$ the bonds should be selling at a discount because the bond's coupon rate is less than the yield to maturity of similar bonds.

c$.$ the bonds should be selling at par because the bond's coupon rate is equal to the yield to maturity of similar 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.

$2.$ What is the price of the bonds?