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samualson samualson
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5 years ago
Nike Corp. buys on 3/10, net 30 days. What is the nominal cost of interest if Nike does not take advantage of the trade discount offered? Assume a 360-day year.
A) 12.0%
B) 22.3%
C) 55.7%
D) 66.3%
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Foundations of Finance

Foundations of Finance


Edition: 9th
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DeanaRayDeanaRay
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samualson Author
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#2
5 years ago
Such a godsend, you helped me and my friend big time
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