III. True & False with Justification

1. Bond holders have voting powers while stock holders do not
2. Discounting news concept refers to acting today based on expected market events, & when the future comes, you act based on the difference between actual results & last periods results
3. Technical analysis takes into consideration economic indicators
4. A good secondary market is important to the efficiency of the primary market
5. Currency values change in response to economic developments or political events
6. The ownership of tangible assets is financed by the issuance of either debt or equity instruments
7. As a general rule, banks are better rated than companies
8. Provisions take account of the upside and the downside
9. In disintermediation, banks do not carry market risk
10. Capital market trades debt and equity securities with maturities more than one

year