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You purchased a 30 year treasury bond paying with a nominal interest rate of 2.5% earlier this year. The yield on a similar 30 year

You purchased a 30 year treasury bond paying with a nominal interest rate of 2.5% earlier this year. The yield on a similar 30 year treasury bond is currently 3.2%. Based on this information, would you expect your bond to trade at a premium, discount, or at par?

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