Question: Old MathJax webview Vikken Microsystems (A). Assume Nikken Microsystems has sold Internet servers to Telecom Espaa for C681,000. Payment is due in three months and

Old MathJax webview

Old MathJax webview Vikken Microsystems (A). Assume Nikken Microsystems has sold Internet

Vikken Microsystems (A). Assume Nikken Microsystems has sold Internet servers to Telecom Espaa for C681,000. Payment is due in three months and will with a trade acceptance from Telecom Espaa Acceptance. The acceptance fee is 1.4% per annum of the face amount of the note. This acceptance will be sold 3.9% per annum discount. What is the annualized percentage all-in-cost in euros of this method of trade financing? (NOTE: Assume a 360-day year) The trade acceptance fee is (Round to two decimal places.)

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