4. Discuss the constraints of investing. How do investors behave?

5. Elucidate the 5 different steps of portfolio management.

6.a) Explicate how inflation influences the price of bonds. b) How does liquidity affect yields to maturity and bond prices?

7. Give an example comparing the yield of a tax exempt bond to the equivalent yield of a taxable one.

8. Explain the 3 Influences of creditworthiness of bonds.