On monday 4 october xyz bank secured from easy bank an, Ask an Expert

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On Monday, 4 October, XYZ bank secured from Easy Bank an overnight loan of MYR 200000000 with interest at 6.4% per annum. Assuming Tuesday, 5 October is a holiday in Malaysia.

a) What is the value date for the overnight loan?

b) Compute the proceeds payable on maturity to Easy Bank.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92395099

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