Question: ( Bond Valuation ) Doisneau 1 6 - year bonds have an annual coupon interest of 1 1 percent, make interest payments on a semiannual

(Bond Valuation) Doisneau 16-year bonds have an annual coupon interest of 11 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?
What is the price of the bonds?

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