Question: Q4 A. (20 Marks) 1. What are the essential features of Bonds? What happens to par value under the following situations, and which is known

 Q4 A. (20 Marks) 1. What are the essential features of

Q4 A. (20 Marks) 1. What are the essential features of Bonds? What happens to par value under the following situations, and which is known a premium Bond and a discount Bond? (10 Marks) a. If YTM equals to Coupon rate b. If YTM is greater than Coupon rate C. If YTM is lower than Coupon rate

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