1) describe why junk bonds are know as B grade bonds. 3 Mark
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2) what is meant by a security market line. 3 Mark
3) what is meant by speculation. 3Mark
4) why it is difficult to classify industries. 3Mark
5) different between financial assets and real assets. 5 Mark
6) Bond are not risk free. describe why bonds are consider less risky then stocks. 5Marks
7) describe the purpose of security market line. 5Mark
8) describe why an investor might sell a put. 5Mark
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