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Despite the publicity given to the introduction of government bonds on the Lusaka Stock Exchange, there has been no enthusiastic response from the Zambian business community.

Mr Charles Mpundu, general manager of Cavmount Securities Ltd. explains that there appears to be a "lack of understanding of bond mathematics that is stopping dealers from placing orders."

He says many potential traders in bonds are conscious that "mistakes in the calculation of yields could be very costly and at this stage the...

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