If credit terms are 2/30, net 60, what is the effective annual rate for a customer's loan when the customer pays the invoice in 60 days?
A) 44%
B) 16%
C) 59%
D) 11%
E) 28%
E
Business
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The firm's best financial structure is determined by finding the capital structure that minimizes the
firm's cost of capital. Indicate whether the statement is true or false
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