(Related to Checkpoint 9.3) (Bond valuation) Dotsneau 16-year bonds have an annual coupon insorest of 8 percent, make intereat payments on a serriannoal basis, and have a $1,000 par valuo. If the bonds are trading with a markers required yeid to maturity of 16 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 16%, then (Select the best chice below.) A. thare is not enough informasion to jugge the value of the bonds. 8. the bonds should be seling at par because the bonde coupen rase is equal to ive yeld to mabulty of simiar bonds C. the bonds should be seling at a premium because the bends coupon rate is greater than the yeld to maturgy of smiar bonds. D. the bonds should be selling at a disoount because the bond's coupon rate is less than the yleld to maturiy of similar bonds b. The prise of the bonds is! (Round to the nearest cent.)