Assuming the facts in problem 3, Bank of America is now willing to buy Motoguzzie's bankers' acceptance
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Assuming the facts in problem 3, Bank of America is now willing to buy Motoguzzie's bankers' acceptance for a discount of 6% per annum. What would be Motoguzzie's annualized percentage all-in-cost of financing its $3,000,000 Australian receivable?
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Assumptions Values Value of shipment 3000000 Credit terms days 180 Bankers acceptance fee 1750 M...View the full answer
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Related Book For
Multinational Business Finance
ISBN: 978-0133879872
14th edition
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
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