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A company is investigating the purchase of a banker’s acceptance (BA). The $1,000,000 face value BA has 150 days to maturity and is quoted at 4.05 percent on a discount-basis yield. If the company’s marginal tax rate is 25 percent, then the money market yield on the BA is closest to:; k3 r4 e( N2 B5 p$ x3 O
6 {7 t5 n, O2 f* QA. 3.13%.
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* X! f# E) S- m+ V: j; DB. 4.12%.* i6 l, J4 w! [7 v
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C. 4.18%.1 C( u W0 \* \& r/ K
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2 t! b9 ]1 a. r3 s: }7 [2 [回复见答案和详解!.
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