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Qantas issues 60-day BABs with a face value of $314,055. The current BBSW is 3.85%. ANZ acts as acceptor and charges a fee of 120

Qantas issues 60-day BABs with a face value of $314,055. The current BBSW is 3.85%. ANZ acts as acceptor and charges a fee of 120 basis points. Calculate the fee (in $) earned by ANZ.

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