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Suppose you are offered a Government Investment Issue (GII) with following features: Issuance date: = 1 April 2018 Maturity date = 1 April 2020 Value
Suppose you are offered a Government Investment Issue (GII) with following features:
Issuance date: = 1 April 2018
Maturity date = 1 April 2020
Value date = 5 August 2018
Indicative Coupon = 8% (annual coupon) / paid semi-annually
Yield to maturity = 10%
Maturity value: = RM 500,000
Determine the appropriate value of the GII.
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