University of Arkansas Q&A: What is the difference between a stock and a bond?

What is the difference between a stock and a bond? Please visit the Research Frontiers Web site at http://researchfrontiers.uark.edu to see the answer by Craig G. Rennie, Clete and Tammy Brewer Professor of Financial Markets in the Sam M. Walton College of Business and managing director of the Garrison Financial Institute.