The government is proposing to sell a 10 year Kengen bonds of Kshs. 100,000 at 12.5% rate
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Question:
The government is proposing to sell a 10 year Kengen bonds of Kshs. 100,000 at 12.5% rate of interest per annum. The bond will be amortized equally over its life. Assuming a hurdle rate of 18%, calculate the bonds present value for an investor willing to buy the bond.
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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