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Business, 13.05.2021 19:40 ricesonice5

Lamar Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 60, and it currently pays after 5 days and takes discounts. Lamar plans to expand, and this will require additional financing. If Lamar decides to forgo discounts, how much additional credit could it get, and what would the nominal and effective cost of that credit be

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Lamar Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 60, and it current...
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