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Explain the following and make use of illustrative examples where appropriate. [5 x 10 marks] (i) Letters of Credit (ii) Eurobonds (iii) Black Scholes option

Explain the following and make use of illustrative examples where appropriate. [5 x 10 marks]

(i) Letters of Credit

(ii) Eurobonds

(iii) Black Scholes option pricing model

(iv) Risks in international Trade

(v) Bull and Bear Spread

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