https://www.socialventures.com.au/assets/SVA-Sticking-Together-SIB-IM_digital-single.pdf

Please read through the article above and answer the following questions:

a) Provide details on the five main parties to the bond.

b) What is the objective of this social impact bond and how is its success going to be measured?

c) Assume you purchased $50,000 worth of this bond when it was issued. What would be the dollar value of the interest payment you would receive on 30 June 2021 if the "Cumulative Incremental Hours" was 80,000?

d) Would you recommend an investor to invest in this social impact bond if they held a portfolio that contained only Australian Commonwealth Government Securities (CGS)? Why or why not?