Assume the Time from Acceptance to Maturity on a $4,000,000

question 77

Multiple Choice

Assume the time from acceptance to maturity on a $4,000,000 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 90-day B/As is 6.0 percent.Calculate the amount the exporter will receive if he holds it to maturity.

• A)$3,993,750
• B)$3,999,375
• C)$3,975,000
• D)$3,009,375

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Definitions:

Helping Professions

Occupations focused on providing guidance, support, and assistance to individuals or groups in need of care, advice, or therapy.

Therapeutic Relationship

A professional bond between a therapist and their client, focusing on the client's well-being and growth.

Termination

The process of formally ending or concluding an agreement, process, or employment.

Culmination Stage

The final stage or point of an activity, process, or period where everything comes together or is completed.