In this chapter, we talked about bonds primarily from the perspective of the issuing corporation. To understand bonds, it is also necessary to develop an understanding of why investors buy bonds. An article on this topic is available on the Libby/Libby/Short website at ww.mhhe.co . You should read the article. "It's Time for Bonds to Get Some Respect,"* January 19, 1998, and then write a short memo summarizing the article in your own words. What type of investors are interested in buying bonds? Describe the impact of inflation on bonds.