A company buys on terms of 2/12, net 28. What is its nominal cost of trade credit?
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A company buys on terms of 2/12, net 28. What is its nominal cost of trade credit?
(46.6%) The effective cost? (58.5%)
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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