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Q34. An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $250,000 and

Q34. An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $250,000 and the bank charges a commission of 1% per annum, how much will the exporter receive from the banker if the acceptance is held until maturity six months from today? a. $247,500 b. $248,750 c. $1,250 d. $250,000

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