Your supplier offers terms of 4/10, net 60. What is the effective annual cost of trade credit

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Your supplier offers terms of 4/10, net 60.

What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 60?

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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Question Posted: Jun 12, 2024 01:14 AM

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Your supplier offers terms of 4/10, net 60. What is the effective annual cost of trade credit

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Corporate Finance

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