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1. What are capital markets and how do bond markets fit into the definition of capital markets , what are the differences among T-Bills, T-notes

1. What are capital markets and how do bond markets fit into the definition of capital markets , what are the differences among T-Bills, T-notes and T-Bonds? Explain your answer.

2. What is a callable bond? Is a call provision more or less attractive to a bond holder than a noncallable bond ?

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