QUESTION 4 How does a time draft become a banker's acceptance? a) (4 marks) b) Disuss the various ways the exporter can receive payment in a foreign trade transaction after the importer's bank accepts the exporter's time draft and it becomes a banker's acceptance. (4 marks) c) A Malaysian multinational company in the United States has two loan options: dollar loan at 8% per annum or ringgit loan at 10% per annum. The exchange rate is forecasted to be at RM3.4780/US$ from RM3.5010/US$ by the end of the year. The US govemment corporate tax is at 32%. i) Based on the after-tax ringgit cost, which currency loan is the better option for the company? (9 marks) i) At what end-of-year exchange rate wll the after-tax ringgit cost of borrowing ringgit equals the after-tax ringgit cost of borrowing dollar