Question: ( Bond valuation ) Doisneau 1 5 - year bonds have an annual coupon interest of 1 4 percent , make interest payments on a

(Bond valuation) Doisneau 15-year bonds have an annual coupon interest of 14percent, 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 11percent, are these premium or discount bonds? Explain your answer. What is the price of the bonds?

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