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Ten years ago, Sime Darby Property Berhad issued RM300 million Islamic Medium Term notes that pay 3.98% of coupon rate annually. The bond information is specified as follows: Stock description SIME DARBY IMTN 3.98% 09.12.2022 Maturity date 09/12/2022 Issue tenure 3650 days Remaining tenure 269 days Issuer Sime Darby Property Berhad Issue date 11/12/2012 Coupon rate (%) 3.98 Nominal value or par value RM1000 YTM 4.54% Issue amount RM300 million Source: https://bondinfo.bnm.gov.my/portal/server.pt a. How much is the present value for each bond? (7 marks) b. How many bonds did Sime Darby Property issue in order to raise RM300 million? (round to the nearest integer) (4 marks) c. Calculate the total expense to Sime Darby Property in the year (09/12/2022) when the bonds mature. (4 marks) d. Assume you purchase 50 bonds issued by Sime Darby Property Berhad 10 years ago when the bonds was issued on 11/12/2012 and you require a return of 5% for the investment. How much is the total amount of money that you will earn over 10 years. Your total return will include total coupon payment earned over a 10-vear period, face value and all the additional interest you earn from reinvesting the fixed interest payment received from Sime Darby Property (10 marks) Ten years ago, Sime Darby Property Berhad issued RM300 million Islamic Medium Term notes that pay 3.98% of coupon rate annually. The bond information is specified as follows: Stock description SIME DARBY IMTN 3.98% 09.12.2022 Maturity date 09/12/2022 Issue tenure 3650 days Remaining tenure 269 days Issuer Sime Darby Property Berhad Issue date 11/12/2012 Coupon rate (%) 3.98 Nominal value or par value RM1000 YTM 4.54% Issue amount RM300 million Source: https://bondinfo.bnm.gov.my/portal/server.pt a. How much is the present value for each bond? (7 marks) b. How many bonds did Sime Darby Property issue in order to raise RM300 million? (round to the nearest integer) (4 marks) c. Calculate the total expense to Sime Darby Property in the year (09/12/2022) when the bonds mature. (4 marks) d. Assume you purchase 50 bonds issued by Sime Darby Property Berhad 10 years ago when the bonds was issued on 11/12/2012 and you require a return of 5% for the investment. How much is the total amount of money that you will earn over 10 years. Your total return will include total coupon payment earned over a 10-vear period, face value and all the additional interest you earn from reinvesting the fixed interest payment received from Sime Darby Property (10 marks)

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