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URGENT CAN ANYONE ASSITS ME TO COMPLETE THIS ANSWER !! PLS HELP ME Q3. (a) Sunderland Bank bought RM1 million of Golden Land's Negotiable Instrument

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URGENT CAN ANYONE ASSITS ME TO COMPLETE THIS ANSWER !! PLS HELP ME

Q3. (a) Sunderland Bank bought RM1 million of Golden Land's Negotiable Instrument of Deposit (NID) on 30 April 2021 to mature on 28 August 2021. (1) Calculate the maturity proceeds if the coupon paid was 3.5% per annum. (3 marks) (ii) On 11 July 2021, Sunderland Bank sensed that the interest rates were moving upward and therefore, decided to sell RM500,000 of Golden Land's NID to Fantasy Bank. Calculate the settlement proceeds that Sunderland Bank will receive if the transacted rate was 3.75% per annum. (3 marks) Q3. (a) Sunderland Bank bought RM1 million of Golden Land's Negotiable Instrument of Deposit (NID) on 30 April 2021 to mature on 28 August 2021. (1) Calculate the maturity proceeds if the coupon paid was 3.5% per annum. (3 marks) (ii) On 11 July 2021, Sunderland Bank sensed that the interest rates were moving upward and therefore, decided to sell RM500,000 of Golden Land's NID to Fantasy Bank. Calculate the settlement proceeds that Sunderland Bank will receive if the transacted rate was 3.75% per annum

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