RE Motoguzzio (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its...

60.1K

Verified Solution

Question

Finance

image
RE Motoguzzio (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $2,930,000 of merchandise from Motoguzzie with payment duo in six months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.74% per annum. Motoguzzio has a weighted average cost of capital of 10.9%, Il Motoguzzie holds this acceptance to maturity, what is its annualized percentage all-in cost? (NOTE: Assume a 360-day year) The bankers' acceptance fee is $. Round to the nearest cent.) Calculate the amount received by Motoguzzio bolow: (Round to the nearest cent) Bankers Acceptance Face amount of bankers' acceptance Loss acceptance fee for 6-month maturity Amount received The opportunity cost of capital in $(Round to the nearest centy The annualized percentage all-in cost (AIC) SM (Round to three decimal places)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students