(Rolated to Checkpolint a.3) (Bond valuation) Dohnowu 23-year bonds have an annual coupon interost of 13 percent, make interest payments on a spmiareual basis, and have a \$f, coo par Walve. It the bonds are trading what a maikehe required yeld to maturty of 16 percent, are these promium or discount bonds? Explain your antwer. What is the prion of Ihe bonds? a. Ht the bonas are esging with a yield to mabrity of 16%, then (Select the best choice below) A. There is not enough inlormaton to judge the value of the bonds. B. the bonds shovid be seling at a promium because the bond's coupon rate is greaser than the yleld to maturity of nimilar bonds. c. the bonot thould be seling at per becmune the bonds coupon rate is equal to the yield to maturity of simiar bonds. D. The bonds ahould be seling ot a discount becase the bond's coupen rate is less than be yield to maturify of smilar bonde. The proe of the bonde in: (Round to the nearest cent)