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(a) Define bonds. (3 marks) (b) State FIVE (5) types of bonds. (5 marks) (c) Describe FOUR (4) characteristics of corporate bonds. (4 marks) (d)

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(a) Define bonds. (3 marks) (b) State FIVE (5) types of bonds. (5 marks) (c) Describe FOUR (4) characteristics of corporate bonds. (4 marks) (d) Contrast FOUR (4) between preference shares and ordinary shares. (8 marks)

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