Question 47 Dystopia Ltd drew 45 day Bank Accepted Bills (BABs) with a face value...
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Question 47 Dystopia Ltd drew 45 day Bank Accepted Bills (BABs) with a face value of $100,000 and the bank charged an Acceptance Fee of 2.41% If the market rate for 45 day BABs is 6.78%pa how much will Dystopia Ltd receive from the issue? Round to 2 decimal places (ignoring cashflow direction)
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