Question
if a firm buys trade credit terms of 4/15, net 50 and decides to forgo the trade credit discount and pay the next day, what
if a firm buys trade credit terms of 4/15, net 50 and decides to forgo the trade credit discount and pay the next day, what is the annualized cost of forgoing the discount assuming a 360 day year?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
4th Edition
0136026028, 9780136026020
