The Time from Acceptance to Maturity on a $3,000,000 Banker's

question 89

Multiple Choice

The time from acceptance to maturity on a $3,000,000 banker's acceptance is 90 days. The bond equivalent yield that the exporter pays in discounting the B/A is

• A)6.10 percent.
• B)9.29 percent.
• C)6.02 percent.
• D)none of the options