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(i) Which of the following is NOT a feature of a bond? A. The maturity period B. The redemption value C. The market value D.

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(i) Which of the following is NOT a feature of a bond? A. The maturity period B. The redemption value C. The market value D. The correlation coefficient [1 mark] (ii) A particular stock's value today is worth Rs 1,200 and is expected to rise to Rs 1,545 after 4 years. What is the rate of return? A. 6.52% B. 6.78% C. 9.58% D. 13.75% [2 marks] (iii) Given the following statements: I. An annuity is a stream of equal cash flows that occur at equal intervals for a given period of time. II. An ordinary annuity is when equal receipts or payments occur at the start of a period. III. Individuals prefer cash now rather than the same amount at some future time. Which statement/s is/are correct? A. All the three B. I only C. I and III D. II and III [2 marks]

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