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Kacie's has an average collection period of 23 days and factors all receivables immediately at a discount of .95percent. What is the effective cost of
Kacie's has an average collection period of 23 days and factors all receivables immediately at a discount of .95percent. What is the effective cost of borrowing? Assume that default is extremely unlik...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
