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Your firm has an average collection period of 48 days. Current practice is tc receivables immediately at a 3 percent discount. What is the effective
Your firm has an average collection period of 48 days. Current practice is tc receivables immediately at a 3 percent discount. What is the effective cost of in this case? Assume that default is extremely unlikely. (Do not round int calculations and enter your answer as a percent rounded to 2 decimal pl 32.16.)
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