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The time from acceptance to maturity on a $ 1 , 0 0 0 , 0 0 0 banker's acceptance is 4 5 days. The
The time from acceptance to maturity on a $ banker's acceptance is days. The importer's bank's acceptance commission is percent and the market rate for day is percent. What amount will the exporter receive if he holds the until maturity? If he discounts the BA with the importer's bank? Also determine the bond equivalent yield the Importer's bank will earn from discounting the BA with the exporter. If the exporter's opportunity cost of capital is percent, should he discount the BA or hold it to maturity? Do not round intermediate calculations. Round "Maturity value" to decimal places. Round "Bond equivalent yield" as a percent rounded to decimal places.
tableAmount the exporter will receive at maturity,,Amount the exporter will receive if discounted,,Bond equivalent yield,,Should he discount the or hold it to maturity?,,
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