If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree

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If a firm buys on terms of 3/15, net 45, what is the APR of its non–free trade credit? What is the effective annual rate, r_EAR?

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CFIN

ISBN: 978-1305666870

5th edition

Authors: Scott Besley, Eugene Brigham

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Question Posted: Feb 21, 2020 10:14 AM

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If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree

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