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Carmen Corporation needs to raise $250,000 for one year to supply capital to a new store. Carmen Corporation buys from its su on terms of
Carmen Corporation needs to raise $250,000 for one year to supply capital to a new store. Carmen Corporation buys from its su on terms of 3/10, net 30, and it currently pays on day 10 and takes discounts. However, it could forgo discounts, pay on day 30, the needed $250,000 in the form of costly (non-free) trade credit. What is the APR of its costly trade credit? O 0.55.7% 6.557% C.37.1% d. 11.1%
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