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A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is
A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.) O 14.35% O 14.06% O 17.79% 12.48% O 11.19%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
