Doisneau 18-year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual basis and have a $1,000 par value. If the bonds are trading with a markets required yield to maturity of 17 percent, are these premium or discount bonds? What is the price of the bonds?

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

b. The price of the bond is????