Question 1: 3 (a). The structure of financial markets can be divided between money markets and capital markets. Distinguish between the money market and capital market in terms of the market participants and the financial instruments used. (b). Financial instruments may be categorized as equity, debt or derivatives. Discuss each category. In your answer, make sure you explain the differences between debt, equity and derivatives. Question 2: (a). What price would you pay on issue day to purchase a 180 day commercial bill at a yield of 6.0%? (b). What would be the holding period yield on your investment in (a) if you sold the bill ninety (90) days later at a yield of 5.5%? (c). What price would vou pay on issue day for a 5 vear government bond with a face value of $100,000 and a coupon rate of 5.0% per annum (with interest on the bond paid every six months) if the market yield on government bonds of this type is 6.0%? (d). What are the advantages of a bank-accepted commercial bill compared to other forms of short term business finance to the following parties: (i). the borrower; (ii). the bank