Question
1.1/10 Net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45? The
1.1/10
Net
45.
What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day
45?
The effective annual cost of the trade credit is
___________%.
(Round to two decimal places.)
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
