Question One Treasury management in a large company covers several areas including funding management, liquidity management, currency management and corporate finance. Required: Outline the benefits of having a separate cele treasury department 15 Marks Describe was covered by treasury S Marks Question Two Discuss the benefits and drawbacks, to the shareholders of a company of a public listing on a stack exchange compared to private equity finance as a way of disposing their shares 10 Marks Discuss circumstances in which a Management Buy-Out (MBO) might be an appropriate form of divestment from a business 10 Marks Explain the factors the venture capital fund is likely to consider or impose when financing the MBO 10 Marks Total (50 Marks)