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76 . The effective annualized cost ( / ) of a banker's acceptance that has an all - inclusive annual rate of 5 . 25

76 . The effective annualized cost ( / ) of a banker's acceptance that has an all - inclusive annual rate of 5 . 25 % for a one - month loan of $2 000 , 000 is closest to A. 5 . 27 B. 5.38 C. 5. 54

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