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Question 2 a) Write short answers on the following: i. What is a Bond? ii. What is a zero coupon Bond? iii. What is the

Question 2

a) Write short answers on the following:

i. What is a Bond?

ii. What is a zero coupon Bond?

iii. What is the difference between a conventional bond and an Islamic bond?

iv. What is meant by liquidity risk and default risk in the context of corporate bonds? Explain your choice.

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