Question 1* 1.(a) Wishland Sdn Bhd is seeking a loan for a period of one year for its intended purchase of three new machines. The cost of one machine is RM75,000 and 60 percent of financing is required. Wishland Sdn Bhd is considering two alternatives of loan as follows: A loan from CIMB Bank where the bank offers 9 percent simple interest and 15 percent compensating balance. A loan from Maybank Berhad where the bank offers 10 percent discount interest and 10 percent compensating balance You are required to: i. Calculate the Effective Annual Rate (EAR) for both loans. ii. Determine the best bank that Wisbland Sdn Bhd should consider. State your reason. (b) Megajaya Sdn Bhd plans to issue bonds that pay 7 percent coupon interest with maturity period of 15 years. The bond has an RM1,000 par value and the required rate of return is 8 percent compounded annually. Compute the value of the bond