(Yield to maturity) Fitzgerald's 35-year bonds pay 9 percent interest annually on a $1,000 par value. If the bonds sell at $875, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference. (Related to Checkpoint 9.3) (Bond valuation) Doisneau 16-year bonds have an annual coupon interest of 8 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 11 percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds? (Bond valuation) Four years ago XYZ International issued some 28-year zero-coupon bonds that were priced with a market's required yield to maturity of 12 percent and a par value of $1,000. What did these bonds sell for when they were issued? Now that 4 years have passed and the market's required yield to maturity on these bonds has climbed to 14 percent, what are they selling for? If the market's required yield to maturity had fallen to 10 percent, what would they have been selling for