Assume the Time from Acceptance to Maturity on a $5,000,000

question 30

Multiple Choice

Assume the time from acceptance to maturity on a $5,000,000 banker's acceptance is 90 days.Further assume that the importing bank's acceptance commission is 1.5 percent and that the market rate for 90-day B/As is 6.0 percent.Calculate the amount the exporter will receive if he discounts the B/A with the importer's bank.

• A)$4,981,750
• B)$4,906,250
• C)$4,009,375
• D)none of the options

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Definitions:

Urethral Damage

Injury or harm to the urethra, the tube that carries urine from the bladder out of the body, which can lead to difficulty in urination or urinary incontinence.

Large Catheters

Medical devices inserted into body cavities, ducts, or vessels to allow for drainage, administration of fluids, or access by surgical instruments.

Catheterized

The process of inserting a catheter into a bodily cavity, duct, or vessel to allow for the drainage or injection of fluids.

Urine Flow

The rate at which urine is excreted from the bladder through the urethra and out of the body.