Question
A company receives three check per month. Each is for $25,000. The number of days float on the first is 9 days. On the second,
A company receives three check per month. Each is for $25,000. The number of days float on the first is 9 days. On the second, 6 days. On the third, 3 days. What is the weighted average delay?
Group of answer choices
4 days
6 days
18 days
o.6 days
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
