FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The time from acceptance to maturity on a $6,000,000 banker's acceptance is 360 days. The importing bank's acceptance commission is 2 percent and the market

image text in transcribed

The time from acceptance to maturity on a $6,000,000 banker's acceptance is 360 days. The importing bank's acceptance commission is 2 percent and the market rate for 360-day B/As is 3 percent Calculate the amount the banker will receive if the exporter discounts the B/A with the importer's bank

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecological Money And Finance

Ecological Money And Finance

Authors: Thomas Lagoarde-Segot

1st Edition

3031142314, 978-3031142314

More Books

Students also viewed these Finance questions

Question

★★★★★
Explain the difference between each of the following ledger accounts in the books of a partnership: 1. Capital account; 3. Current account; 3. Drawings account.

Answered: 1 week ago

Question

★★★★★
=+2. Would ABCs talkative guest Kay Jarman, the 47-year-old award-winning salesperson, be a good candidate for Second Citys training workshop?

Answered: 1 week ago

Question

★★★★★
The World Series ends when a team wins 4 games. Suppose that sports analysts consider one team a bit stronger, with a 55% chance to win any individual game. Estimate the likelihood that the underdog...

Answered: 1 week ago

Question

★★★★★
Barkley Corp. obtained a trade name in January 2009, incurring legal costs of $15,000. The company amortizes the trade name over eight years. Barkley successfully defended its trade name in January...

Answered: 1 week ago

Question

★★★★★
The time from acceptance to maturity on a $6,000,000 banker's acceptance is 360 days. The importing bank's acceptance commission is 2 percent and the market rate for 360-day B/As is 3 percent...

Answered: 1 week ago

Question

★★★★★
Payroll Register The following dea for Threck Industries Inc. to the payroll for the weekended December 9, 2018 F Keteran Employee Bate Salary Income Tax Havings $40 39540 $ Cobb 46 28 Clemente 4 304...

Answered: 1 week ago

Question

★★★★★
20 pts. Find x(t) x" (t)+x(t)= F(t) 4 0t2 F(t)= (1+2 1>2 x(0) = 0, x'(0) = 0

Answered: 1 week ago

Question

★★★★★
Best 11_ratio : 0.3 Best alpha: 0.1 Try again for more precision with 11_ratio centered around 0.3 Best 11 ratio : 0.3 Best alpha 0.1 Now try again for more precision on alpha, with 11_ratio fixed at...

Answered: 1 week ago

Question

★★★★★
Summary of why to use lean operating systems using the text and 2-3 outside sources

Answered: 1 week ago

Question

★★★★★
Bonus Activity: The Cookie Jar For this challenge, you'll once again use (cur1), but this time you'll use it to manage and swap sessions. Heads Up: In order to complete this activity, you must have...

Answered: 1 week ago

Question

★★★★★
2. An annealed copper wire (No. 15 AWG gauge) is to be replaced with an aluminum wire with approximately the same length and resistance. What gauge of aluminum wire would be required? Please see...

Answered: 1 week ago

Question

★★★★★
4. Explain how understanding intercultural communication can facilitate resolution of intercultural conflict.

Answered: 1 week ago

Question

★★★★★
5. Explain how studying intercultural communication can lead to increased self-understanding.

Answered: 1 week ago

Question

★★★★★
5. Define and give an example of cross-cultural differences in facial expressions, proxemics, gestures, eye contact, paralanguage, chronemics, and silence.

Answered: 1 week ago

Previous Question Next Question