Question
Suppose a company uses trade credit with the terms of 2/10, net 50. (Use 365 days for calculation.) If the company pays its account on
Suppose a company uses trade credit with the terms of 2/10, net 50. (Use 365 days for calculation.) If the company pays its account on the 50th day, the effective borrowing cost of skipping the discount on day 10 is closest to:
20.2
15.0
14.6
14.9
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
