23. how is a bond different from a bond fund?

Brief Explanations:

A bond is a debt - security issued by an entity (like a government or corporation) where an investor loans money in return for periodic interest payments and the return of principal at maturity. A bond fund is a mutual fund or exchange - traded fund (ETF) that invests in a portfolio of bonds. So, a bond is a single security, while a bond fund is a collection of bonds managed by a fund manager.

Answer:

A bond is a single debt - security, while a bond fund is a collection of bonds managed by a fund manager.