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Business, 27.11.2019 04:31 tyrasimpson4787

Achinese exporter sells $200,000 of toys to a french importer. the chinese exporter requires the french importer to obtain a letter of credit. when the bank accepts the draft, the exporter discounts the 90-day note at a 4 percent discount. what does the exporter's true effective annual financing cost?

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Achinese exporter sells $200,000 of toys to a french importer. the chinese exporter requires the fre...
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