QUESTIONS 69 THROUGH 78 RELATE TO CORPORATE FINANCE
76. The effective annualized cost (%) of a banker’s acceptance that has an all-inclusive annual rate
of 5.25% for a one-month loan of $2,000,000 is closest to:
A.
5.27.
B.
5.38.
C.
5.54.
76. The effective annualized cost (%) of a banker’s acceptance that has an all-inclusive annual rate
of 5.25% for a one-month loan of $2,000,000 is closest to:
A.
5.27.
B.
5.38.
C.
5.54.