Question: QUESTION ONE a . Distinguish between a primary security market and a secondary security market. 4 MARKS b . Explain the following theories with respect

QUESTION ONE
a. Distinguish between a primary security market and a secondary security market.
4 MARKS
b. Explain the following theories with respect to the term structure of interest rates:
(i) The Expectations theory
(ii) The Liquidity Preference theory
6
(iii) The Market Segmentation theory
MARKS
QUESTION ONE a . Distinguish between a primary

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