Question
What are the nominal and effective costs of trade credit under the credit terms of 1/15, net 30? Assume a 365-day year. Do not round
What are the nominal and effective costs of trade credit under the credit terms of 1/15, net 30? Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.
Nominal cost of trade credit: %
Effective cost of trade credit: %
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
