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

question 14

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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 holds it to maturity.

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The recognition or consciousness among the American population of significant national issues or global events.

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