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1) Malaysian importer draws RM 2,000,000 BA on 31 January 2020 and will be matured on 28 April 2020. The BA is accepted by the
1) Malaysian importer draws RM 2,000,000 BA on 31 January 2020 and will be matured on 28 April 2020. The BA is accepted by the Maybank at 5.5% p.a. i) What is the proceed that the Maybank paid to Malaysian importer for this BA? ii) Determine how much redemption proceeds received by Maybank if it holds BA until 28 April 2020? iii) However, Maybank decides to sell the BA to the Lloyd Bank at 5.00% on 3 February 2020. Draw timelines to show details of this transaction. Compute the selling price of this BA and profit generated by the Maybank for selling the BA to Lloyd Bank. iv) Assume that the Lloyd Bank sells the BA to Investor A on 1 March 2020 at 5.50%. Compute the proceeds paid by investor A to the Lloyd Bank. And compute profit generated by the Lloyd Bank in this transaction. Use the similar timelines in question 3 to show details of this transaction. 1) Malaysian importer draws RM 2,000,000 BA on 31 January 2020 and will be matured on 28 April 2020. The BA is accepted by the Maybank at 5.5% p.a. i) What is the proceed that the Maybank paid to Malaysian importer for this BA? ii) Determine how much redemption proceeds received by Maybank if it holds BA until 28 April 2020? iii) However, Maybank decides to sell the BA to the Lloyd Bank at 5.00% on 3 February 2020. Draw timelines to show details of this transaction. Compute the selling price of this BA and profit generated by the Maybank for selling the BA to Lloyd Bank. iv) Assume that the Lloyd Bank sells the BA to Investor A on 1 March 2020 at 5.50%. Compute the proceeds paid by investor A to the Lloyd Bank. And compute profit generated by the Lloyd Bank in this transaction. Use the similar timelines in question 3 to show details of this transaction
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