Dd cost of trade credit and bank loan lancaster lumber buys, Financial Management

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Dd cost of trade credit and bank loan lancaster lumber buys

DD Cost of Trade Credit and Bank Loan Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 30; and it currently pays on the 5th day and takes discounts. Lancaster plans to expand, which will require additional financing. What would be the effective cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places. _____%

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Financial Management: Dd cost of trade credit and bank loan lancaster lumber buys

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Financial Management: Dd cost of trade credit and bank loan lancaster lumber buys

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