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What is the value date for the overnight loan compute the

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: What is the value date for the overnight loan compute the

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