The Time from Acceptance to Maturity on a $500,000 Banker's

question 41

Essay

The time from acceptance to maturity on a $500,000 banker's acceptance is 270 days.The importing bank's acceptance commission is 0.75 percent and that the market rate for 270-day B/As is 4 percent.
Determine the amount the exporter will receive if he holds the B/A until maturity.

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Poor People

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Combination of Risk Factors

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Direct Care

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