Investing in Bonds 1. What is a bond? What is a bond's par value? 2. If you were to buy bonds for your investment portfollio, would you buy convertible bonds or extenidible ones? Why? 3. Two years ago, Tamarah bought a 5 -year corporate bond with a par value of 51,000 at the interest rate of 6%. If interest tates are currently set at 7% and she wanted to sell her bond, how much could she sell it for? Why did the price of the bond increase or decroase in value