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Your firm just purchased $10,000 in goods from your supplier on trade credit terms of 0.5/10 net 60. Your opportunity cost of funds is 10%.
Your firm just purchased $10,000 in goods from your supplier on trade credit terms of 0.5/10 net 60. Your opportunity cost of funds is 10%. What is the PV of waiting the 60 days to make payment?
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
