Based on the following information, answer the questions below. The time from acceptance to maturity on a $15m Banker's Acceptance (BA) is 30 days. The importer's banks acceptance commission is 12% and the market rate for 30 day BA is 17%. a) What amount will the exporter receive if they hold the BA to maturity? Answer to the nearest cent. If your answer is $9 you must write as 9.00 (1 Mark) Answer: b) What amount will the exporter receive if he discounts the BA? Answer to the nearest cent. If your answer is $9 you must write as 9.00 (1 Mark) Answer: Note: the data contained in these questions is independent from that above c) The discounted amount on a BA an exporter receives is $4.3m, the amount the exporter receives if they hold to maturity is $4.4m and the face value is $4.5m on a 120 day BA. 1) Determine the bond equivalent yield the importer's bank will earn from discounting the BA with the exporter. Answer as a decimal to 4 decimal places. (2 Marks) Answer: ii) Determine the bond equivalent yield the exporter receives from discounting the BA. Answer as a decimal to 4 decimal places. (2 Marks) Answer: Based on the following information, answer the questions below. The time from acceptance to maturity on a $15m Banker's Acceptance (BA) is 30 days. The importer's banks acceptance commission is 12% and the market rate for 30 day BA is 17%. a) What amount will the exporter receive if they hold the BA to maturity? Answer to the nearest cent. If your answer is $9 you must write as 9.00 (1 Mark) Answer: b) What amount will the exporter receive if he discounts the BA? Answer to the nearest cent. If your answer is $9 you must write as 9.00 (1 Mark) Answer: Note: the data contained in these questions is independent from that above c) The discounted amount on a BA an exporter receives is $4.3m, the amount the exporter receives if they hold to maturity is $4.4m and the face value is $4.5m on a 120 day BA. 1) Determine the bond equivalent yield the importer's bank will earn from discounting the BA with the exporter. Answer as a decimal to 4 decimal places. (2 Marks) Answer: ii) Determine the bond equivalent yield the exporter receives from discounting the BA. Answer as a decimal to 4 decimal places. (2 Marks)