Question
Pets Store inc. sells on terms of 2/10, net 45. What is the effective annual cost of trade credit under these terms? Use a 365-
Pets Store inc. sells on terms of 2/10, net 45. What is the effective annual cost of trade credit under these terms? Use a 365- day year. Please provide the formula and show how to calculate the problem step by step.
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann, Francesco Fabozzi
9th Edition
1260473899, 978-1260473896
