Your firm receives 40 checks per month. Of these, 10 are for $1,200 and 30 are for

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Your firm receives 40 checks per month. Of these, 10 are for $1,200 and 30 are for $500. The delay for the $1,200 checks is 4 days; the $500 checks are delayed 6 days. What is the weighted average delay?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Question Posted: Jan 09, 2013 01:54 AM

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Your firm receives 40 checks per month. Of these, 10 are for $1,200 and 30 are for

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Fundamentals of Corporate Finance

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