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Deine and explain the three primary activities in the financial marke 28. Define and explain IPO underpricing and use the winners curse theory to explain why IPO underpricing occurs. (15 Marks) SECTIONC Answer ALL questions 29. Over a period of two years, the nominal value of a financial asset increases from 100 to 144. Over the same period, the Consumer Price Index (CP increases from 130 to 157.3 Calculate the annual real return over the same period (10 Marks)

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