BONDS Bonds: An Introduction (partial coverage - SAME AS EXAM II) be able to explain: which financial statement indicates whether the corporation has issued bonds which section of the financial statement referred to above bonds are reported in the par value of a corporate bond whether the par value of a bond changes over time whether an increase in the market rate of interest causes the market value of bonds to increase, or decrease whether a decrease in the market rate of interest causes the market value of bonds to increase, or decrease how frequently bond interest is typically paid 2 things that can cause the market value of a bond to change