1. Describe the relationship of yield to maturity, coupon rates and the price of a bond.
2. Why do we say that stock prices determined in efficient financial markets provide a scoreboard for corporate executive decision making?
3. What is the main difference between APR and EAR? I still get confused with using them interchangeably. Can you give an explanation of how to know which one to use when? Also, is YTM APR?