Relationbetween price movements of corporate bonds & shares?

suppose a given company has both shares & bonds listed .

for any corporate reason if the share price declines , will the bond price also decline .

since govt. bonds are not available for buying on PI can we consider corporate bonds a good alternative for short, medium & long term investments ?

Not really, they both are different asset classes and mutually exclusive (at least in terms of daily price movements).

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what exactly do you mean by " daily functions "?

Sorry by daily functions I meant 'daily price movement…made the change accordingly.