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QUESTION 4 (a)What economic advantages are created by the existence of: (i)Primary markets.(3 marks) (ii)Secondary markets(3 marks) (iii)Portfolio management firms.(4 marks) (b)Explain how the Capital

QUESTION 4

(a)What economic advantages are created by the existence of:

(i)Primary markets.(3 marks)

(ii)Secondary markets(3 marks)

(iii)Portfolio management firms.(4 marks)

(b)Explain how the Capital Authority can ensure:

(i)faster growth and development of the Nairobi Stock Exchange or Stock Exchange in your country.(6 marks)

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