Question
A firm that exports its goods is considering raising short-term financing with a BA with the following specs: $500,000 face value 30-day maturity $3,000 discount
A firm that exports its goods is considering raising short-term financing with a BA with the following specs: $500,000 face value 30-day maturity $3,000 discount from face value Calculate the effective borrowing cost for the BA.
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Step: 1
To calculate the effective borrowing cost for the bankers ...
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
