Question
(NOTE: Assume a 360-day year.) The bankers' acceptance fee is S. (Round to the nearest cent.) Motoguzzie (A). Motoguzzie exports large-engine motorcycles (greater than 700cc)
(NOTE: Assume a 360-day year.) The bankers' acceptance fee is S. (Round to the nearest cent.)
Motoguzzie (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in LIS. dollars. Sydney Wholesale Imports has purchased of merchandise from Motoguzzie, with payment due in five months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 176% per annum. Motoguzzie has a weighted average cost of capital of 9.5%. If Motoguzzie holds this acceptance to maturity, what is its annualized percentage all-in c (NOTE: Assume a 360-day year.) The bankers' acceptance fee is (Round to the nearest cent)
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