OUESTION FOUR $(10$ MARKS$)($OPTIONAL$)$

$($a$)$ Discuss any FOUR roles of financial securities exchange in the economic development of acountry. $(4$ marks$)$

$($b$)$Mount Elgon ltd$,$ purchased a kshs$.50$ million face value bond for kshs$.49$ million in February $2023.$ The bond matures in $15$ years and pays a coupon of kshs$.700000$ at the end of the year. Mount Elgon ltd decided to sell the bond in November $2023$ for shs$.52$ million. What will be the required rate of return earned by the company on selling the bond $(3$ marks$)$

$($c$)$Discuss any THREE types of financial crisis which can be experienced in the global sector. $(3$ marks$)$