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You just purchased a bond with a quoted price of 79.108% and a maturity of 40 years. 1. Is your bond a discount bond, premium

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You just purchased a bond with a quoted price of 79.108% and a maturity of 40 years. 1. Is your bond a discount bond, premium bond, or a bond sold at par? Explain. 2. What would be the price of your bond expressed in dollars? Show your calculation. 3. Is this a zero-coupon bond? How do you know? Was it a smart decision to invest in it? (how will you get your returns)

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