(Related to Checkpoint 9.3) (Bond valuation)Doisneau 25-year bonds have an annual coupon interest of 12 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?

The price of the bonds is $ --- (Round to the nearest cent.)

How do I solve this on excel?

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