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1. Please describe the following bonds: (a) discount bond, (b) par value bond, (c) premium bond. For each type of bond, what is the corresponding relationship between the coupon rate and the yield to maturity?

2. Explain the differences among a bonds coupon interest rate, current yield, and required rate of return (yield to maturity).

3. Explain the relationship between the required rate of return and the value of a bond.