Trade finance (II) You have received a confirmed standby L/C indicating that Citibank, Nassau will pay you
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Trade finance (II) You have received a confirmed standby L/C indicating that Citibank, Nassau will pay you $1,000,000 (one million Bahamian dollars) every 30 days for one year beginning in 30 days.
a If you need Bahamian dollars now for payments today, what can you do with the L/C immediately?
b What proceeds in Bahamian dollars would you expect?
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