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4. a) Compare and contrast the characteristics of common stock and corporate bonds from the perspective of both an investor and a firm issuing such

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4. a) Compare and contrast the characteristics of common stock and corporate bonds from the perspective of both an investor and a firm issuing such financial claims. (8 marks) b) Distinguish between over the counter (OTC) and exchange traded markets giving examples of financial securities in each type of market. (6 marks) c) Explain the process of securitisation undertaken by banks and discuss the reasons why banks might engage in this process. (11 marks)

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