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Assume the credit terms offered to your firm by your suppliers are 2/20, net 50. Calculate the cost of the trade credit if your
Assume the credit terms offered to your firm by your suppliers are 2/20, net 50. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 50. (Hint: Use a 365-day year.) The cost of trade credit is %. (Rounded to two decimal places.)
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
