Doisneau 24-year bonds have an annual coupon interest of

15 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

14 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 14%, then (Select the best choice below.)

Doisneau 24-year bonds have an annual coupon interest of

15 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

14 percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds?

b.The price of the bonds is