Question2 Yesterday, the Hong Kong Monetary Authority (HKMA) announced the tender results for its new issue of the Exchange Fund Bills (EFB). Standard Chartered Bank, one of the Eligible Market Makers (EMM) recognized by the HKMA, was successfully allotted 150 units of the 28-day EFB with the final bid yield of 1.24% pa a Without transaction cost, what is the total amount the bank has to pay to HKMA for such a purchase? (12 mark) b Financial markets provide platforms to exchange financial assets. As frequently traded in an efficient way. What economic roles do financial markets play in general? Use the Hong Kong stock market as a reference to illustrate your points. (18 marks)