Solved: What is the nominal and effective cost of trade credit, International Economics

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What is the nominal and effective cost of trade credit

Question 1) What is the nominal and effective cost of trade credit under the credit terms of 3/15 net 30?

Question 2) A large retailer obtains merchandise under the credit terms of 1/15 net 45, but routinely takes 60 days to pay its bills (because the retailer is an important customer, suppliers allow the firm to stretch its credit terms). What is the retailers effective cost of trade credit?

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International Economics: What is the nominal and effective cost of trade credit

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