What is the effective cost of borrowing in this case assume
Your firm has an average collection period of 41 days. Current practice is to factor all receivables immediately at a 3 percent discount. What is the effective cost of borrowing in this case? Assume that default is extremely unlikely.
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module discussionperform the following tasks to complete this assignment1identify the discussion questionsprompts in
your firm has an average collection period of 41 days current practice is to factor all receivables immediately at a 3
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