) Determine the present value of an annuity of K1000 to be received at the end of each year for 20 years when the discount rate is 8%.( 3marks) d) Bond K has a nominal value of K1000 and a coupon rate of 10%, paid semi- annually for 15 years. The appropriate discount rate (required rate of return) is 15%. Determine the value of this bond.( 5marks) e) B. Manda wishes to buy a K52 million worth of a capital item in 10 years from now, how much should he put aside in a bank account paying a nominal rate of 5% on a 1 year deposit (2marks ) f) NJK Ltd issued a bond with a par value of K1000 for 20 years on 1st January in 2004. The coupon rate on the bond is 10 %. On 1st January 2006, the bond was trading at K1600. Find the yield to maturity (YTM) of this bond (5 marks)