1. This is what separates Venture capitalists from their angel investor counterparts
a) Venture capitalists use their own money in investments unlike angel investors who get the money from their friends.
b) Venture capitalists are not financial intermediaries like Angel investors.
c) Venture capitalists usually take very high risks unlike Angel investors who prefer very low risk investments
d) None of the above
2. The terms of sale are 4/15, net 68. What is the effective annual rate of interest? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.
3. Assume the credit terms offered to your firm by your suppliers are 3.2?/5?, Net 30. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30.
The effective annual cost of the trade credit is_____________?%.?(Round to two decimal? places.)