A company has a 39-day collection period and factors all receivables immediately at a discount of 1.9

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A company has a 39-day collection period and factors all receivables immediately at a discount of 1.9 percent. What is the effective annual cost of the loans? Assume 365 days per year.

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Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Apr 07, 2023 12:38 AM

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A company has a 39-day collection period and factors all receivables immediately at a discount of 1.9

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Intermediate Financial Management

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