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A Bank Negara Negotiable Notes (BNNN) with a RM10 million face value and 64 days to maturity being offered to an Islamic bank. If the

A Bank Negara Negotiable Notes (BNNN) with a RM10 million face value and 64 days to maturity being offered to an Islamic bank. If the said Islamic bank required profit rate is 10% per annum, calculate the price that the Islamic bank would be willing to pay for the BNNN certificate.

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