$($Related to Checkpoint $9\mathrm{.}3)($Bond valuation$)$ Doisneau $16-$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 $18$ percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds?