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QUESTION
i) Distinguish between intermediated and market finance using illustrative examples.
ii) Differentiate between the main characteristics of Debt and Equity.
iii) Discuss the importance of a secondary market in terms of liquidity and valuation of new issues of shares.
iv) How are securities traded on Auction as compared to Dealers market?
Treasury Bills, popularly known as T-bills, are issued in India by the RBI on behalf of the Government of India. T-bills are short-term securities with a maturity of 91
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