Under what circumstances is a bond issued at a discount?   

Is it better for a bond to be issued at a discount or a premium? Does it matter?

Under what types of circumstances would callable bonds be beneficial to an economic entity?

What are two common types of returns that stockholders can expect to receive from their investment?

Because preferred stock dividends in arrears must be paid before common stock dividends, should they be considered a liability and appear on the right-hand side of the balance sheet? Why or why not?

Given what you've learned over the course of the past two chapters and you had the opportunity of either issuing stock or issuing bonds, which of these two methods would you choose and why?