A bond matures in five years with a coupon rate of 7% and a maturity value of RM10 million. Given that the interest payment is yearly and the discount rate is 5%, find the Present Value of the bond.
An investor purchases 1000 shares of ABC Bhd for RM10 per share and receives an annual dividend of 20 sen per share. He sells the shares 5 years later at RM11. The rate of return is:
Which of the following compliance guidelines is false?
a) Any dealing must be done for the participating organisation’s own account before that of the clients’ orders.
b) Policies and procedures should be implemented to detect market rigging.
c) Key duties and functions must be properly segregated.
d) Proper policies and procedures must be put in place to prevent the company’s employees from taking advantage of confidential price-sensitive information.