On 2 January 2016, Platinum Berhad issued 5 % bonds dated 1 January 2016, with a principal amount of RM100,000,000. The bonds will mature in 2035. On the issuance date, for bonds of similar risk and maturity, the market yield is 4%. Interest is paid semiannually on 30 June and 31 December. Compute the issuance price of the bond on 2 January 2016. Show all computations