Time draft
Explain how does time draft become a banker’s acceptance?
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When goods are shipped by exporter through common carrier, exporter’s bank presents the shipping documents and the time draft to importer’s bank. After taking title to goods through the bill of lading, the importer’s bank accepts the time draft, creating at this point a banker’s acceptance (B/A). B/A is a money market instrument for which a secondary market exists.
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Suppose a firm's common stock paid a dividend of $1.75 yesterday. You expect the dividend to grow at the rate of 8% per year for the next 3 years, if you buy the stock, you plan to hold it for 3 years and then sell it. Q : Avoidable Interest The book says The book says "avoidable interest is the amount of interest cost during the period that a company could theoretically avoid if it had not made expenditures for the asset." This makes it sound like avoidable interest is the total amount of interest paid for an asset. I know it's not but I was wonder
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