The Time from Acceptance to Maturity on a $50,000 Banker's

question 57

Essay

The time from acceptance to maturity on a $50,000 banker's acceptance is 180 days.The importing bank's acceptance commission is 2.50 percent and the market rate for 180-day B/As is 2 percent.
Determine the amount the exporter will receive if he holds the B/A until maturity.

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Definitions:

Biomedical Markets

Biomedical markets refer to the business sectors that involve the buying, selling, and trading of products and services related to medical and healthcare research, diagnosis, prevention, and treatment.

Social Value

The importance or beneficial impact of an action, policy, or practice on the well-being and functioning of a society or community.

Human Health

The state of physical, mental, and social well-being in individuals, not merely the absence of disease or infirmity.

Anthropogenic

Originating in human activity, commonly used in the context of environmental science to describe effects or processes that result from human influence on the natural world.