Question: The expression 7 / 1 0 , net 4 5 means that the customers receive a 7 % discount if they pay within 1 0

The expression 7/10, net 45 means that the customers receive a 7% discount if they pay within 10 days; otherwise, they must pay in full within 45 days. What would the seller's cost of capital have to be in order for the discount to be cost justified? 73%69%70%75%

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