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boland boland
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7 years ago
Custom Granite Inc. has a Canadian receivables contract for $200,000 due in 270 days. The firm has been approached by a factoring firm that offers to purchase the receivables at a 12% per annum discount plus a 1% charge for a nonrecourse clause. What is the annualized percentage all-in-cost of this factoring alternative?
A) 12.00%
B) 14.82%
C) 9.09%
D) 13.00%
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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boland Author
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You're amazing, seriously
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We should all be helping each other on here, so I'm happy to have helped
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Thank you
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Thank you
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Thank you
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thank you <3
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