Assume all accounts are collected in full what is the firms, Financial Management

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Assume all accounts are collected in full what is the firms

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.

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Financial Management: Assume all accounts are collected in full what is the firms

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Financial Management: Assume all accounts are collected in full what is the firms

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