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Acme Co. offers credit terms of 2/10, net 50. Calculate the approximate annual borrowing rate for customers who do NOT take the discount with no
Acme Co. offers credit terms of 2/10, net 50. Calculate the approximate annual borrowing rate for customers who do NOT take the discount with no compounding). [Express your answer in percentage terms (eg. 12.34). Round your final answer to 2 (two) decimal places] Approximate annual rate = % A. 18.615 B. 21.324 C. 33.121 D. 19.213
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
