A firm buys on terms of 2 8, net 45 days, it does not take discounts, and it actually pays after 63 days What is the effective annual percentage cost of its non free trade credit (Use a 365 day year ) O 14 35 O 14 06 O 17 79 12 48 O 11 19 A firm buys on terms of 2 8, net 45 days, it does not take ...

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Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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A firm buys on terms of 2/8, net 45 days, it does not take discounts, and...

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