Multiple Choice
If the importing bank's acceptance commission is 1.25 percent,determine the amount the exporter will receive if he holds the B/A until maturity.(Assume 360 days in a year)
A) $2,945,625.
B) $2,990,625.
C) $3,000,000.
D) $3,009,375.
Correct Answer:
Verified
Correct Answer:
Verified
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