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OUESTION FOUR (10 MARKS)(OPTIONAL) (a) Discuss any FOUR roles of financial securities exchange...

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Accounting

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)
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