QUESTION ONE $[20$ Marks$]($a$)$ Discuss four $(4)$ potential risks for investing in international financial markets. $(10$ Marks$)($b$)$ Discuss five $(5)$ benefits arising from investing in international financial markets. $(10$ Marks$)$ QUESTION TWO $[20$ Marks$]($a$)$ Discuss five $(5)$ roles of secondary capital markets in a financial system. $(10$ Marks$)($b$)$ Discuss five $(5)$ types of financial markets $(10$ Marks$)$ QUESTION THREE $[20$ Marks$]$ Investment banks are widely known for offering various services to companies that want to raise large sums of funds for various uses. The main services offered include underwriting of public issue of financial securities$,$ and private placement. Required: a$.$ Clearly explain how an investment bank can potentially facilitate an initial public offering $($IPO$)$ for a newly established corporation in Tanzania, through the underwriting process $(10$ Marks$)$ b$.$ Clearly explain how a large manufacturing company can use private placement to raise large amounts of funds for expansion through an investment bank $(10$ Marks$)$ QUESTION FOUR $[20$ Marks$]($a$)$ Discuss five $(5)$ functions of financial intermediaries. $(10$ Marks$)($b$)$ Discuss two $(2)$ types of financial intermediaries $(10$ Marks$)$ QUESTION FIVE $[20$ Marks$]$ Recent developments in ICT have facilitated the interaction of stock exchange participants, the flow of information on the listed securities and investor behaviors, on the valuation of financial securities$.$ Required: Explain how: $($a$)$ Information impact on valuation of financial securities $(6$ Marks$)($b$)$ Internet impact on valuation of financial securities $(6$ Marks$)($c$)$ Behavioral finance impact on valuation of financial securities $(8$ Marks$)$