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5) IKM corporation purchased RM2.0 million of Malaysian Government Securities (MGS) Bond Trading on 27 April 2016 over spot at 95.80(price per 100 units) with
5) IKM corporation purchased RM2.0 million of Malaysian Government Securities (MGS) Bond Trading on 27 April 2016 over spot at 95.80(price per 100 units) with value date on 1 May 2016. The coupon date is every 27 Oct and 27 April at the coupon rate of 4.22%. i) Compute the principal, accrued interest and proceeds amount of MGS. ii) Based on the above, compute the proceeds amount if the MGS is sold in the money market at 105.00. 10:03 PMK 5) IKM corporation purchased RM2.0 million of Malaysian Government Securities (MGS) Bond Trading on 27 April 2016 over spot at 95.80(price per 100 units) with value date on 1 May 2016. The coupon date is every 27 Oct and 27 April at the coupon rate of 4.22%. i) Compute the principal, accrued interest and proceeds amount of MGS. ii) Based on the above, compute the proceeds amount if the MGS is sold in the money market at 105.00. 10:03 PMK
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