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Book Depot Inc. sells on terms of 3/20, net 30. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Book Depot Inc. sells on terms of 3/20, net 30. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Round the answer to two decimal places in percentage form.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
