25. Credit Analysis. Look back at the previous problem, but now suppose that if a customer defaults...
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25. Credit Analysis. Look back at the previous problem, but now suppose that if a customer defaults on a payment, you can eventually collect about half the amount owed to you. Will you be more or less tempted to pay for a credit check once you account for the possibility of partial recovery of debts? (LO3)
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Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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