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12 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

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12 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. If the exporter's opportunity cost of capital is 11 percent, should he discount the B/A or hold it to maturity? Short Answer Toolbar navigation I U = = = >

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