Question: Problem 1: (3 points) Define the developed, emerging, and frontier markets. What characteristics of a capital market distinguish developed, emerging, and frontier capital markets? Problem

Problem 1: (3 points) Define the developed, emerging, and frontier markets. What characteristics of a capital market distinguish developed, emerging, and frontier capital markets? Problem 2: (3 points) Explain the step-up and step-down structure used in the Eurobond market
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