Sally's supply orders $3,256 worth of merchandise. her invoice states 5/10, net 60. how much will she owe if she pays within 10 days and how much will she owe if she pays within 60 days?

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The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:

What is the difference between the contractual interest rate and the market interest rate?