Doisneau 16-year bonds have an annual coupon interest of 8 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield to maturity of 17 percent, are these premium or discount bonds? Explain your answer.

What is the price of the bonds? a. If the bonds are trading with a yield to maturity of %, then (Select the best choice below.)

A. there is not enough information to judge the value of the bonds. B. the bonds should be selling at par because the bond's coupon rate is equal to the yield to maturity of similar bonds. C. the bonds should be selling at a because the bond's coupon rate is than the yield to maturity of similar bonds. Your answer is correct.D. the bonds should be selling at a because the bond's coupon rate is than the yield to maturity of similar bonds.

b.The price of the bonds is $ enter your response here. (Round to the nearest cent.)