(Related to Checkpoint 9.2) (Yield to maturity) The market price is $825 for a 15-year bond ($1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is %. (Round to two decimal places.) (Related to Checkpoint 9.3) (Bond valuation) Doisneau 25-year bonds have an annual coupon interest of 14 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? a. If the bonds are trading with a yield to maturity of 17%, then (Select the best choice below.) O 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. O B. the bonds should be selling at par because the bond's coupon rate is equal to the yield to maturity of similar bonds. O C. there is not enough information to judge the value of the bonds. D. the bonds should be selling at a discount because the bond's coupon rate is less than the yield to maturity of similar bonds. b. The price of the bonds is $(Round to the nearest cent.)