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1.A firm buys on terms of 3/15, net 60. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day
1.A firm buys on terms of 3/15, net 60. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
