1 6, Name the 4 most fundamental differences between bonds and stocks. c.o Bonds Stocks 17. In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures from historical book values to market values. ABC Corporations balance sheet (book values) as of today is as follows 23,500,000 2,000,000 10,000,000 4.000.000 Long-term debt (bonds, at par) Preferred stock Common stock ($10 par) Retained earnings Total debt and equity