Using the information above please answer the following questions:
Explain the procedure of how companies get listed on the London Stock Exchange. [5 marks]
Discuss underwriting activities of investment banks and analyse how they impact dynamics of trading on the London Stock Exchange.
[10 marks]
Analyse how the market micro-structure theory aims to explain stock price formation and evaluate how it differs from the efficient market hypothesis.
[15 marks]
Critically evaluate the role of credit rating agencies in the debt capital markets.