Question: Question Four (10 marks) a) Explain the relationship between the price of bonds and i) Interest rates in the market generally. ii) Term to maturity

Question Four (10 marks) a) Explain the relationship between the price of bonds and i) Interest rates in the market generally. ii) Term to maturity of the bonds. b) Explain the three forms of informationally efficient capital markets. (2 marks) (2 marks) (6 marks)
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