(a) What economic advantages are created by the existence of:
(i) Primary markets. (3 marks)
(ii) Secondary markets (3 marks)
(iii) Portfolio management firms. (4 marks)
(b) Explain how the Capital Authority can ensure:
(i) faster growth and development of the Nairobi Stock Exchange or Stock Exchange in your country. (6 marks)
(ii) development of other stock exchanges in Kenya or in your country. (4 marks)
(Total: 20 marks)
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