Your company exported processed healthy almond products to Canada, and received USD 3 million banker's acceptance that is due in six months. Your company needs cash now to pay the annual bonus. Having discussed with Bank of America (BOA), you find out that a 0.45% acceptance fee is charged on that banker s acceptance which can be sold at a discount of 1. 6%. What is the all-in cost (using EAR)? a. 4.16% b. 4.12% c. 2.06% d. 8.50%