Question
Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 1/10, net 40? Assume a 365-day
Cost of Trade Credit
What are the nominal and effective costs of trade credit under the credit terms of 1/10, net 40? Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.
Nominal cost of trade credit: %
Effective cost of trade credit: %
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
