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hui1234
Jul 18, 2012, 07:15 PM
If RM 3.5 million Malaysian Government Securities bearing coupon rate of 4.35 percent has accrued interest of 30 days since the last interest payment date is sold at RM104, what are the settlement proceeds if the number of days in the coupon period in which settlement takes place is 120?

How to solve this question?
Help me please...