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110. I am need help solving this problem for my corporate finance homework and was hoping someone could help me with it and provide work
110. I am need help solving this problem for my corporate finance homework and was hoping someone could help me with it and provide work shown with the correct answer!
Assume the credit terms offered to your firm by your suppliers are 4/10, net 45 . Calculate the cost of the trade credit if your firm does not take the discount and pays on day 45 . (Hint. Use a 365-day year.) The cost of trade credit is \%. (Rounded to two decimal places.) Step by Step Solution
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