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If a firm buys on trade credit terms of 2/10, net 50 and decides to forgo the trade credit discount and pay on the net
If a firm buys on trade credit terms of 2/10, net 50 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 365-day year)?
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Financial Management
Authors: P V V Satyanarayana
1st Edition
9350568012, 9789350568019
