Part 2 of 2 Points: 2 of 4 (Related to Checkpoint 9.3) (Bond valuation) Doisneau 25-year bonds have an annual coupon interest of 11 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? b. The price of the bonds is $ (Round to the nearest cent.) a. If the bonds are trading with a yield to maturity of 17%, then (Select the best choice below.) A. the bonds should be selling at a premium because the bond's coupon rate is greater than the yield to maturity of similar bonds. B. the bonds should be selling at a discount because the bond's coupon rate is less than the yield to maturity of similar bonds. C. the bonds should be selling at par because the bond's coupon rate is equal to the yield to maturity of similar bonds. D. there is not enough information to judge the value of the bonds

(Related to Checkpoint 9.3) (Bond valuation) Doisheav 25-year bonds have an annual coupon interest of 11 percent, make interest payments on a semiannual basis, and have a 51,000 par value. If the bonds are trading with a markers required yield to matunty 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 17%, then (Select the best choice bolow) A. the bonds should be seling at a premium because the bond's coupon rate is greater than the yleid to maturily of simiar bonds B. the bonds should be selling at a discount because the bond's coupon rate is less than the yleld to maturity of similar bonds. C. the bonds should be selling at par because the bond's coupon rale is equal to the yield to maturity of similar bonds. D. there is not enough infocmation to judge the value of the bonds. b. The price of the bonds is s (Round to the nearest cent)