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2) What is the difference between a) `real' and 'nominal Risk Free rate of return? (2 Marks) b) Annuity Due and Deferred Annuity? (2 Marks)

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2) What is the difference between a) `real' and 'nominal Risk Free rate of return? (2 Marks) b) Annuity Due and Deferred Annuity? (2 Marks) c) Weak form of market efficiency and Strong form of market efficiency? (2 marks) d) Pre-tax and After-tax Cost of Debt? (2 marks) e) Cost of Common & Cost of Preferred Equity? (2 marks)

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