Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:INFORMATION
(4 marks)
Tongaat Wholesaler's normal credit terms to Troy Stores are 60 days but the supplier is prepared to
allow a rebate of 4.5% if Troy Stores pays the account within
15
days.
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