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

question 12

Multiple Choice

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.

• A)$4,981,750
• B)$4,906,250
• C)$4,009,375
• D)none of the above

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Definitions:

Implicit Self-Esteem

An automatic, non-conscious aspect of self-esteem, reflecting an individual’s underlying attitude towards themselves.

Explicit Self-Esteem

The conscious and deliberate evaluation of one's own worth or value.

Grandiose Narcissism

A form of narcissism characterized by a grandiose self-view, seeking excessive attention and admiration, and a lack of empathy for others.

Ought Self

Represents an individual's perception of their duties, obligations, and the expectations others have of them.