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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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