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TRUE OR FALSE: Suppose a company had access to a line of credit in which they could borrow money at a rate of 15% p.a.

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TRUE OR FALSE: Suppose a company had access to a line of credit in which they could borrow money at a rate of 15% p.a. They could also utilize trade credit on terms of 2/10 nett 30. All else being equal, the company should use the line of credit instead of using the trade credit. True False

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