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a firm is offered credit terms of 1/10 net 45 EOM by major supplier the girm has determined that it can stretch the credit period

a firm is offered credit terms of 1/10 net 45 EOM by major supplier the girm has determined that it can stretch the credit period net period. by 25 days eithout damaging its credit stanfing with the supplier assumingthe firm needs short term financing and cab. borrow. from the bank on a line of an interest rate of 14 oercent the firm should

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