If you have buy ICSLS (irredeemable convertible secured loan stocks), how does the % coupon entitlement calculation?
Here is the formula:-
{(Quantity x coupon rate)/frequency of pymt } x par value x tax
Eg: SCOMI-LA, if you have 20000 shares, Coupon of 4% per annum ICSLS, you will entitled for RM19.94.
{(Quantity x coupon rate)/frequency of pymt } x par value x tax
{(20000 x 4%)/4 } x 0.1 x 0.997 = RM19.94
FBM KLCI - reversed earlier gains to end lower, trend is down
-
Stocks on Bursa Malaysia ended mixed Wednesday with the benchmark FBMKLCI
fell 0.43% to close at its intraday low, reversing earlier gains as a wave
of ...
3 hours ago

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