Question
Qantas issues 60-day BABs with a face value of $349,952. 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 $349,952. 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. Give answer until 2 decimal places
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
