Assume the time from acceptance to maturity on a $5,000,000 banker's acceptance is 120 days. Further assume that the importing bank's acceptance commission is 1.5 percent per annum and that the market rate for 90-day B/As is 6.0 percent. What is the amount the exporter will receive if he holds it to maturity?

A.) $5,350,000

B.) $3,875,000

C.) $4,975,000

D.)

$5,025,000