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The terms of the sale were 5/6, net 49. What is the nominal rate? That is, compute the APR. Convert your answer to percentage and
The terms of the sale were 5/6, net 49. What is the nominal rate? That is, compute the APR.
Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
