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Treasury Bills and Bonds
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Pesa Nane
#711 Posted : Wednesday, May 17, 2017 12:58:54 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Taurrus wrote:
And how did you get 90 172?




At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00



Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#712 Posted : Wednesday, May 17, 2017 1:15:59 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Pesa Nane wrote:
Taurrus wrote:
And how did you get 90 172?




At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00





Thanks Pesa8 for the simplified maths, though it makes me/us look baad Laughing out loudly Laughing out loudly Laughing out loudly . I like @Taurrus, he kept on asking Applause Applause Applause
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Taurrus
#713 Posted : Wednesday, May 17, 2017 2:20:40 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
Angelica _ann wrote:
Pesa Nane wrote:
Taurrus wrote:
And how did you get 90 172?




At the quoted average yield of 10.929%, the price per Ksh. 100.00 is Ksh. 90.172.

Price per Ksh. 100 = Ksh. 90.172
Price per Ksh. 100k= Ksh. 90.172 X 1000
Price per Ksh. 100k= Ksh. 90,172.00





Thanks Pesa8 for the simplified maths, though it makes me/us look baad Laughing out loudly Laughing out loudly Laughing out loudly . I like @Taurrus, he kept on asking Applause Applause Applause


Thanks very much, now I know!Applause
@AA l am still doubting my calculator app maybe kuna hack ndani yake! 10.929% of 100?
Shukran pesa8
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maka
#714 Posted : Thursday, May 18, 2017 6:59:01 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:

FXD 2/2010/10 and FXD1/2009/15


possunt quia posse videntur
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Taurrus
#715 Posted : Thursday, May 18, 2017 11:49:36 AM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?
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maka
#716 Posted : Thursday, May 18, 2017 12:01:33 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
maka wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?


Ummmh No...
possunt quia posse videntur
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Ericsson
#717 Posted : Thursday, May 18, 2017 1:15:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#718 Posted : Thursday, May 18, 2017 2:02:38 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.


How much has so far been borrowed locally?
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#719 Posted : Thursday, May 18, 2017 2:10:52 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
Taurrus wrote:
maka wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?


Ummmh No...


Your yield will be much higher than the 9.3% interest since you are buying at a lower price and not at par. Simplified,..... you will only pay 92K BUT interest calculation will be 9.3% of 100K.
Pesa Nane plans to be shilingi when he grows up.
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maka
#720 Posted : Thursday, May 18, 2017 2:21:55 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
maka wrote:
Taurrus wrote:
maka wrote:
maka wrote:

FXD 2/2010/10 and FXD1/2009/15



@Maka interest ya 9.3% na 12.5% taxed ni poa for such a long time ?


Ummmh No...


Your yield will be much higher than the 9.3% interest since you are buying at a lower price and not at par. Simplified,..... you will only pay 92K BUT interest calculation will be 9.3% of 100K.


9.3/92.093 * 100 = 10.09 Net 10.09*0.9 = 9.0886
possunt quia posse videntur
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