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A company is investigating the purchase of a banker’s acceptance (BA). The $1,000,000 face value BA has 150 days to maturity and is quoted at 4.05 percent on a discount-basis yield. If the company’s marginal tax rate is 25 percent, then the money market yield on the BA is closest to:8 o; ^+ S* b! K7 J2 x/ H
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A. 3.13%.
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B. 4.12%.* [ [( b8 s/ k% f: B# M
4 G' U r; x4 R! P8 I8 l0 TC. 4.18%.
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0 {9 W1 M/ d7 M回复见答案和详解!.
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