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Problem 1 5 . 0 3 ( Cost of Trade Credit and Bank Loan ) eBrook ? 6 6 7 1 2 3 . 3
Problem Cost of Trade Credit and Bank Loan
eBrook
What would be the nominal cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places.
What would be the effective cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places.
Should Lancaster use bank debt or additional trade credit?
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