What is the effective cost of borrowing in this case

Reference no: EM13273214

Your firm has an average collection period of 23 days. Current practice is to factor all receivables immediately at a 1.30 percent discount. What is the effective cost of borrowing in this case?

Reference no: EM13273214

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What is the effective cost of borrowing in this case : Your firm has an average collection period of 23 days. Current practice is to factor all receivables immediately at a 1.30 percent discount. What is the effective cost of borrowing in this case?

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