Question
ABC Company has an average collection period of 39 days and factors all of its receivables immediately at a 1.5 percent discount. Assume all accounts
ABC Company has an average collection period of 39 days and factors all of its receivables immediately at a 1.5 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
