(Answered) Question - doisneau 22-year bonds have an annual coupon

Accounting

Question - Doisneau 22-year bonds have an annual coupon interest of 7 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 16 percent, are these premium or discount bonds? Explain your answer.

What is the price of the bonds?

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