1. Identify three sources of short-term credit. (3 marks) 2. Describe three services offered by a factoring company. (3 marks) 3. Explain the difference between the following concepts in finance: a) Capital market and Money Market. (4 marks) b) Debt finance and Equity finance. (4 marks) c) Systematic risk and Unsystematic risk. (4 marks) d) Coupon rate of a security and its yield to maturity. (4 marks) 4. Assume the total cost of a university education will be P250 000 when your child enters university in 18 years. You presently have P43 000 to invest. What rate of interest must you earn on your investment to cover the cost of your child's university education? (5 marks) 5. BT is considering investing in government bonds. The current price of a P100 bond with 10 years to maturity is P88. The bonds have a coupon rate of 6% and repay face value of P100 at the end of the 10 years. Required: Calculate the yield to maturity. (5 marks) 4. Assume the total cost of a university education will be P250 000 when your child enters university in 18 years. You presently have P43 000 to invest. What rate of interest must you earn on your investment to cover the cost of your child's university education? (5 marks) 5. BT is considering investing in government bonds. The current price of a P100 bond with 10 years to maturity is P88. The bonds have a coupon rate of 6% and repay face value of P100 at the end of the 10 years. Required: Calculate the yield to maturity. (5 marks) 6. Explain four comparative advantages of debt as a source of finance over equity. (8 marks)