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The time from acceptance to maturity on a $97,000 banker's acceptance is 120 days. The importer's bank's acceptance commission is 2.09 percent and the market

The time from acceptance to maturity on a $97,000 banker's acceptance is 120 days. The importer's bank's acceptance commission is 2.09 percent and the market rate for 120-day B/As is 5.78 percent. Det...

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