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susu susu
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10 months ago
A firm is offered trade credit terms of 2/8, net 45 days. The firm does not take the discount, and it pays after 58 days. What is the effective annual cost of not taking this discount? (Assume a 365-day year.)


▸

13.35%



▸

14.70%



▸

15.89%



▸

18.70%

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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pedro0811pedro0811
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10 months ago
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susu Author
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10 months ago
Smart ... Thanks!
bioc
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Yesterday
Correct Slight Smile TY
novae
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2 hours ago
this is exactly what I needed
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