QUESTION FIVE a) What is corporate governance? Discuss its importance in managing corporations. b) Twalilwisha Limited has issued bonds with a face value of K100, which pay a coupon (10 marks) rate of 6%. Coupon payments are payable semi-annually. The yields on similar bonds are currently 8% per year. The maturity date is in 10 years' time. () What is the value of each bond? (ii) What is the bonds annual effective rate? (3 marks) (3 marks) c) An investor has approached you for advice in setting up a business. Explain to the investor any three forms of business he can set up. Give the benefits and drawbacks for each one of them (9 marks) Total (25 marks)