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Chris' Fish'n'Chips will issue 90 day Bank Accepted Bills (BABs) with a face value of $150,000.The acceptance fee charged by the bank is 1%.If the

Chris' Fish'n'Chips will issue 90 day Bank Accepted Bills (BABs) with a face value of $150,000.The acceptance fee charged by the bank is 1%.If the market rate for 90 day BABs is 10.14% how much will Chris' Fish'n'Chips receive from the issue?

Round to 2 decimal places (ignoring cashflow direction).

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