Question 1: Describe the differences between the yield to maturity (YTM) and the yield to call (YTC) on a bond.
Question 2: Why would the return to the investor be different if a bond is called? Why?
Question 3: What are bond ratings and how do they affect the ability of the firm to raise funds?
Question 4: Are these ratings similar to the ratings for a country or a company?
Question 5: What are the differences between common stock and preferred stock?