Question: QUESTION 1 [25 MARKS] a. Discuss the characteristics and differences of the Over the Counter (OTC) market and the organised securities exchange. (15 marks) b.

QUESTION 1 [25 MARKS]

a. Discuss the characteristics and differences of the Over the Counter (OTC) market and the organised securities exchange. (15 marks)

b. By use of relevant examples, explain how liquidity risk, interest rate risk and market risk affect shareholders. (10 marks)

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