Role of the component of the financial system is very important to ensure smooth flow of funds and financial system stability. Financial markets are mechanisms where those requiring finance (deficit units) can get connected with those able to supply it (surplus units). a) Critically evaluate the role of the components of the financial system. (15 marks) b) What are some of the characteristics associated with dividends paid on common stock? (5 marks) c) In what major ways do stocks differ from bonds