Which of the following is a reason why the global capital market is increasingly becoming speculative?
A) A global market reduces the liquidity of investments and increases the chances of incurring losses.
B) Investments in the global capital market are faced with a lack of quality information.
C) Investments in the global capital market are not conducive to diversification.
D) The cost of capital is more in a global market and this increases the level of risk associated with it.