PT Dua Roda issued a bond with face value Rp 100.000.000.000,-. The bond is considered for settlement on 2 July 2016. Detailed information of PT Dua Roda's bond are summarized as follows:

Face Value

Rp 100.000.000.000,- 12%

10%

20 May and 20 November 20 November 2018

Annual Coupon

Annual Yield-to-Maturity

Interest Payment Dates

Maturity Date

Calculate the full price that Bond PT Dua Roda will settle at on 2 July 2016!

PART B (25 points)

Mr. Rudy is analyzing the value of PT Nomor Satu Tbk share for a one-month investment horizon. Today is 1 October 2019, and he is estimating a scenario as follows:

Suppose that he purchases 40.000 shares of PT Nomor Satu Tbk. at Rp 13.000,- per share. Indonesian exchange requires him to put 60 percent on margin. On 1 November 2019, Mr. Rudy has to pay interest on the amount borrowed at a rate of 3 percent per month. At 31 October 2019, PT Nomor Satu Tbk will pay dividend of Rp 400,- per share. On 1 November 2019, Mr. Rudy will sell the shares at Rp 13.250,- per share. He will use PT Dagang as a brokerage. PT Dagang charges Rp 550.000,- commission on the purchase and Rp 800.000,- on the sale of the stock.

Mr. Rudy's required rate of return is 12 percent per annum.

Shall Mr. Rudy buy PT Nomor Satu Tbk share on 1 November 2019? Justify your answer with calculation!