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Question Three (10 marks) Corporate bonds have recently started gaining prominence as disintermediation financial instruments in developing countries. a) Distinguish between financial intermediation and financial

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Question Three (10 marks) Corporate bonds have recently started gaining prominence as disintermediation financial instruments in developing countries. a) Distinguish between financial intermediation and financial facilitation. (4 marks) b) Explain any three theories that can help explain the term "structure of interest rates" (6 marks)

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