the difference between an investor and a trader
1. What is the difference between an investor and a trader?
2. What is financial arbitrage?
3. A student asks: If a coupon bond has a face value of $1,000, I don’t understand why anyone who owns the bond would sell it for less than $1,000. After all, if the owner holds the bond to maturity, the owner knows he or she will receive $1,000, so why sell for less? Answer the student’s question.