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4. BIMB hold long position of RM 1.5 million, hence they decided used all surplus cash to purchase NIDC on 7 May 2019 at a
4. BIMB hold long position of RM 1.5 million, hence they decided used all surplus cash to purchase NIDC on 7 May 2019 at a yield of 5.2% p.a. The NIDC was issued on 10 March 2019 and will be matured on 10 October 2019. i. Compute the price per 100 nominal values of an NIDC. ii. Compute the total proceeds paid by the BIMB for his purchase of NIDC
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