Use the following Treasury bond quote to answer the following questions

Maturity	Coupon Rate (%)	Bid Price	Asked Price	Asked Yield (%)
8/15/2040	3.875	139.0120	139.0320	1.551

Is the bond selling at discount, par, or premium?
What is the price for an investor who buys the bond?
If Emily is a dealer and owns a bond with $1,000 of par value, what is the market value of her bond?
What is the price for a dealer who buys the bond?
If David is an investor and owns a bond with $10,000 of par value, what is the market value of his bond?

If Alex, who is a dealer, bought and sold bonds with $400,000 of par value, how much would the Alex earn from the spread? Explain your answer.

Explain how you know the Treasury that matures in 2040 is a bond rather than a note.