finance question

1. Please answer each question in no more than 3-4 sentences.

a) Explain what is a bond and why would investors invest in a bond?

b) What is the difference between a coupon rate and the rate investor’s expect?

c) What is the difference between the par value and the market or present value?

d) What kind of payments would an investor get if they invest in bonds and in preferred stocks? Please explain your answer.