(Related to Checkpoint 9.3) (Bond valuation) Doisneau 17-year bonds have an annual coupon interest of 9 percent, make interest payments on a semiannual basis, and havs a $1,000 par value. If the bonds are trading with a market's required yield to maturity of 15 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 15%, then (Select the best choice below.)

any body know the answer?

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