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Question 2 [10 marks] a)Banker's Acceptances is one of the money market instruments that is very crucial for international trade. Interpret this statement from the

Question 2 [10 marks]

a)"Banker's Acceptances" is one of the money market instruments that is very crucial for international trade. Interpret this statement from the point of advantages of Banker's Acceptances.

[6 marks]

b)Explain briefly the following bond's terminology.

i) Coupon interest rate

[2 marks]

ii) Indenture

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