3. Banker's acceptances Which of the following parties primarily benefit from a banker's acceptance? Check all that apply. The importer's bank The exporter's bank The exporter O The importer Suppose an importer uses a banker's acceptance in a trade. The amount of the banker's acceptance is $1,000,000, with a banker's acceptance (B/A) rate of -1.20%. Alternatively, instead of using a banker's acceptance, the importer could use a prime-rate-based loan for the same amount. Both the loan and the banker's acceptance would have a term of one half of a year. Complete the last row of the table, filling in the interest cost of the loan and the banker's acceptance. Loan Acceptance Amount $1,000,000 $1,000,000 Term 0.5 Years 0.5 Years Rate Prime + 1.50% B/A Rate + 1.50% 1.20% + 1.50% = 2.70% -1.20% + 1.50% = 0.30% Interest Cost $ The interest cost is lower for the