Question 2 [10 marks] a)Banker's Acceptances is one of the money market instruments that is very crucial
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Question:
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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