Question
ABC Company has an average collection period of 38 days and factors all of its receivables immediately at a 2.5 percent discount. Assume all accounts
ABC Company has an average collection period of 38 days and factors all of its receivables immediately at a 2.5 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?
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Entrepreneurial Finance Venture Capital Deal Structure And Valuation
Authors: Janet Kiholm Smith, Richard L. Smith
2nd Edition
1503603210, 978-1503603219
