Your supplier offers terms of 1/10, Net 45. What is the effective annual cost of trade credit

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Your supplier offers terms of 1/10, Net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45?

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Corporate Finance

ISBN: 9780137845071

6th Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 12, 2024 02:04 AM

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Your supplier offers terms of 1/10, net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45?
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Your supplier offers terms of 1/10, Net 45. What is the effective annual cost of trade credit

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Corporate Finance

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