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QUESTION NO. 2 (20 MARKS) Take Pakistan stock exchange as a sample. Explain its microstructure with respect to following points; a) Trading arrangements b) Role

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QUESTION NO. 2 (20 MARKS) Take Pakistan stock exchange as a sample. Explain its microstructure with respect to following points; a) Trading arrangements b) Role of market makers and brokers c) Time series properties of asset's returns d) Location of trading and Order flow e) Related and parallel markets

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