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The effective annualized cost (%) of a banker's acceptance that has an all-inclusive annual rate of 5.25 % for a one-month loan $2,000,000 is closest

The effective annualized cost (%) of a banker's acceptance that has an all-inclusive annual rate of 5.25 % for a one-month loan $2,000,000 is closest to: 5.27% 5.54% 5.38%

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