Question

Which of the following is true about segmented capital markets?

a. Exhibit different bond and equity prices in different geographic areas for identical assets in terms of risk and maturity.

b. Exhibit the same bond and equity prices in different geographic areas for identical assets in terms of risk and maturity.

c. Exhibit different bond and equity prices in the same geographic areas for identical assets in terms of risk and maturity.

d. Exhibit different bond prices but the same equity prices in different geographic areas for identical assets in terms of risk and maturity.

e. None of the above

Answer

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