Question: Question #1 : Why does a bond's par or face value differ from its market value? Question #2: Distinguish among a bond's coupon interest rate,

Question #1 : Why does a bond's par or face value

Question #1 : Why does a bond's par or face value differ from its market value? Question #2: Distinguish among a bond's coupon interest rate, current yield, and yield to maturity. Question #3: What is the difference between the expected return and the promised or contractual yield to maturity on a bond? Question #4: What does a bond rating reflect? Why is the rating important to the firm's management

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