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Doisneau 25-year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual basis, and have a $1 comma 000 par

Doisneau 25-year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual basis, and have a $1 comma 000 par value. If the bonds are trading with a market's required yield to maturity of 18 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 18%, then The price of the bonds is

$.

(Round to the nearest cent.)

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