Which of the following is correct?

Group of answer choices

1. The lower the price you pay for a bond, the greater is your return.

2. A bond is overpriced when its value is greater than its price.

3. A fairly priced bond has a price equal to its face.

4. The value of a bond can be determined by the present value of all coupon payments and the present value of principal payment at maturity date.

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