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 $16\%,$ then $($Select the best choice below.$)$

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

B$.$ the bonds should be seling at a premium because the bond's coupon rate is greater than the yield to maturity of similar bonds.

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

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

b$.$ The price of the bonds is $ $($Round to the nearest cent.$)$