Some of the items in Problem 17 involve a cash discount. For each of these, calculate the

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Some of the items in Problem 17 involve a cash discount. For each of these, calculate the rate of interest paid by customers who pay on the due date instead of taking the cash discount.

a. 2/30, net 60.

b. 2/5, EOM, net 30.

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:54 AM

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Some of the items in Problem 17 involve a cash discount. For each of these, calculate the

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a Paying in 60 days as opposed to 30 is like paying inte...View the full answer

Principles of Corporate Finance

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