The time from acceptance to maturity on a $$1,000,000$ banker$$s acceptance is $120$ days. The importer$$s bank$$s acceptance commission is $1\mathrm{.}75$ percent and the market rate for $120-$day B$/$As is $5\mathrm{.}75$ percent. What amount will the exporter receive if he holds the B$/$A until maturity? If he discounts the B$/$A with the importer$$s bank? Also determine the bond equivalent yield the importer$$s bank will earn from discounting the B$/$A with the exporter. If the exporter$$s opportunity cost of capital is $11$ percent, should he discount the B$/$A or hold it to maturity?

Note: Do not round intermediate calculations. Round "Maturity value" to $2$ decimal places. Enter "Bond equivalent yield" as a percent rounded to $2$ decimal places.