S Normal No Spacing Heading 1 Heading 2 Title TE Paragraph Styles Question 2 Bonds For questions 2 a-d below, reference to the course literature is required for full credits. Sourcer and page number must be entered. a) Briefly explain how a corporate bond is valued and what affects it the valuation? b) Briefly explain what distinguishes "Pure discount bonds" from "Level Coupon Bonds" and "Consols". (0.5p) c) Which of the three bond types is most interest rate sensitive and why? (0.5p)| d) Briefly describe how the market for corporate bonds has changed in the present EN E