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A company is investigating the purchase of a banker’s acceptance (BA). The $1,000,000 face value BA has 150 days to maturity and is quoted at 4.05 percent on a discount-basis yield. If the company’s marginal tax rate is 25 percent, then the money market yield on the BA is closest to:2 l! _8 v$ b F. j7 Q) {
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A. 3.13%.
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X/ I/ _$ P( T( e: E4 mB. 4.12%.
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0 w# F' s7 K/ GC. 4.18%.
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3 ^9 i- h# O, X9 d+ h回复见答案和详解!.
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