"A bank accepts a company's 180-day bill with a face value of $10m for an acceptance fee of 120 bps, and sells it in the money market at 3.25%. What amount does the borrow receive?"

" $10,000,000 "

" $9,785,260 "

" $9,941,170 "

" $9,899,916 "

" $9,842,254 "