If a firm's supplier has a credit policy of 1/10/45, what is the nominal cost of trade credit? a.1% b.99% c.10.83% d.11.05% e.None of the above

Name: If a firm's supplier has a credit policy of 1/10/45, what is the nomin
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Description: If a firm's supplier has a credit policy of 1/10/45, what is the nominal cost of trade credit? a.1% b.99% c.10.83% d.11.05% e.None of the above

If a firm's supplier has a credit policy of 1/10/45, what is the nominal cost of trade credit?…

Answered: If a firm's supplier has a credit…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 27P

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If a firm's supplier has a credit policy of 1/10/45, what is the nominal cost of trade credit?

a.

1%

b.

99%

c.

10.83%

d.

11.05%

e.

None of the above

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