3.1 What is the difference between the par value and economic value of an asset? (2) 3.2 Describe the relationship between the discount rate and the coupon rate, that will cause a debenture to sell at a discount? (1) 3.3 Name the key inputs to the valuation process. (3) 3.4 Name and explain the 2 fundamental principles of financial management that valuations is based on. (4)