(Related to Checkpoint 2,3) (Bond valuation) Doisneau 24-year bonds have an annual coupon interest of 12 porcent, make intorest payments on a semiannual basis, and have a $1,000 pat value. If the bonds are trading with a marker's required yield to maturity of 18 percent, are these premium or discoent bonds? Explain your answer. What is the price of the bonds? a. If the bonds are trading with a ylold to maturity of 18%, then (Select the best choice below.) A. the bones showld be seling ot a disooum because the bonsis coupon rate is less than the yiedd to maturity of similar bonds 10. the borkds should be soling at a premium because the bonds coupon rate is greater than the yield to maturity of simla bonds. C. the bonds should be selling at par bechuse the bond coupon rate is equal to the yeld to maturity of simlar bonds. 19. there is not enough inlormabion to judge the value of the bonds b. The price of the bonds is 5 (Round to the nearest cent.) (Related to Checkpoint 9.2 and Checkpoint 9.3 ) (Bond valuation) Fingen's 12-year, $1,000 par value bonds pay 13 porcent interest annually. The market price of the bonds is $1,140 and the markets required yield to maturity on a comparable-isk bond is 9 porcent a. Compute the bond's yield to maturiy. b. Deternine the value of the bond to you, given your tequired rate of retum. c. Should you purchase the bond? a. What is your yeld to maburity on the Fingen bonds given the makket price of the bonds? (Round to two decimal places,)