Assume the Time from Acceptance to Maturity on a $1,000,000

question 53

Multiple Choice

Assume the time from acceptance to maturity on a $1,000,000 banker's acceptance is 180 days.Further assume that the importing bank's acceptance commission is 1.25 percent and that the market rate for 180-day B/As is 5.0 percent.Calculate the amount the exporter will receive if he holds it to maturity.

• A)$906,250
• B)$909,375
• C)$968,750
• D)$993,750

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Definitions:

Oppressed Group

A community that suffers injustice and unequal treatment by more powerful segments of society.

World's Jewish Population

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The concept that stereotypes about certain groups can be easily transferred or applied to other groups, often without basis in reality or individual assessment.

Aversive Racism

Subtle, nonovert, and nonobvious racism.