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Discussing how to value bonds. Please answer these questions: 1) If all investors are using this method, why does the same bond buy or sell

Discussing how to value bonds. Please answer these questions:

1) If all investors are using this method, why does the same bond buy or sell at different prices? In other words, why is there a market for bonds?

2) Why do some financial analysts treat preferred stock as a special type of bond rather than as an equity security?

3) Describe the relationships between bond prices and interest rates.

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