What is the nominal and effective cost of trade credit under the credit terms of 3/15, net

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What is the nominal and effective cost of trade credit under the credit terms of 3/15, net 30?

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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Question Posted: Mar 18, 2010 01:32 AM

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What are the nominal and effective costs of trade credit under the credit terms of 3 15, net 30?
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What is the nominal and effective cost of trade credit under the credit terms of 3/15, net

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Financial management theory and practice

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