QUESTION 3 (13 MARKS) Financial markets can be classified in a number of ways, for...
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QUESTION 3 (13 MARKS) Financial markets can be classified in a number of ways, for example, primary and secondary market, debt, equity and derivatives markets, and spot and future markets. Briefly describe the following types of financial markets below: i. Primary and secondary markets, a. 3 marks) ii. Debt, equity and derivatives markets, (3 marks) iii. Spot and future markets. (3 marks) b Financial assets are legal claims to future benefits of shareholders and bondholder. They have many properties. These properties are important as they affect the value of the assets and the way they traded or exchanged. List at least FOUR (4) properties of asset. 4 marks)
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