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Business, 30.09.2021 23:30 rosie20052019

Simmons Corp. can borrow from its bank at 17 percent to take a cash discount. The terms of the cash discount are 1.5/10, net 45. a. Compute the cost of not taking the cash discount. (Use a 360-day year. Do not round intermediate calculations. Input your final answer as a percent rounded to 2 decimal places.)
b. Should the firm borrow the funds?

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Simmons Corp. can borrow from its bank at 17 percent to take a cash discount. The terms of the cash...
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