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your company is considering granting credit one time for a sale to a new customer. your variable cost per unit $120, the current sales price per unit is $140, and the monthly required return is 3%. unfortunately, you aren't confident in your assessment of the customer's credit risk. What is the highest possible default probability for the customer so that your company would still provide credit?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92725177

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