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Question Three: 10 marks 1. Differentiate between the normal yield curve and the inverted yield curve 2. If the required rate of return on a

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Question Three: 10 marks 1. Differentiate between the normal yield curve and the inverted yield curve 2. If the required rate of return on a bond is different from its coupon interest rate, comment on the behavior of the bond value over time as the bond moves towards its maturity 3. Identify the concept of preemptive right and the concept of treasury shares

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