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
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.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
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