Solution-What is the firm effective cost of borrowing

What is the firm effective cost of borrowing

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Reference no: EM131401999

ABC Company has an average collection period of 25 days and factors all of its receivables immediately at a 1.9 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?

Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.

Reference no: EM131401999

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What is the firm effective cost of borrowing : ABC Company has an average collection period of 25 days and factors all of its receivables immediately at a 1.9 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?

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What is the firm effective cost of borrowing

Reference no: EM131401999

Reference no: EM131401999

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