Question: help Assume the time from acceptance to maturity on a $5,000,000 banker's acceptance is 90 days. Further assume that the importing bank's acceptance commission is

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Assume the time from acceptance to maturity on a $5,000,000 banker's acceptance is 90 days. Further assume that the importing bank's acceptance commission is 1.5 percent and that the market rate for 90 -day banker's acceptances is 6.0 percent, annually. Calculate the amount the exporter will receive if he holds it to maturity. $4,906,250 none of the options $4,009,375 $4,981,250

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