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An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $270.000, current rates

An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $270.000, current rates on banker's acceptances are 6%, and the bank charges a commission of 1% per annum, how much will the exporter receive if he sells the acceptance in the secondary market sbe months prior to maturity? $275.025 5265,375 $260.550 $270.200

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