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Rework the Siegel Apparel Mills text example, assuming daily compounding instead of the simple interest stated in the text. (Hint: see footnotes 6 and 9

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Rework the Siegel Apparel Mills text example, assuming daily compounding instead of the simple interest stated in the text. (Hint: see footnotes 6 and 9 in the text.) a. How does the 1-day value effect change? b. How does the decision's NPV change? c. Comment on the reason for the differences in your answers as compared to the simple interest solutions shown in the text. Rework the Siegel Apparel Mills text example, assuming daily compounding instead of the simple interest stated in the text. (Hint: see footnotes 6 and 9 in the text.) a. How does the 1-day value effect change? b. How does the decision's NPV change? c. Comment on the reason for the differences in your answers as compared to the simple interest solutions shown in the text

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