Your company is considering three options for financing its short term operations i. Borrow Tk....
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Your company is considering three options for financing its short term operations i. Borrow Tk. 10 million from Shuktara Bank at 10 percent interest rate and a 15 percent compensating balance requirement signing a 60 day promissory note. ii. Borrow Tk.10 million from Chandramukhi Bank at 10 percent discount interest. iii. Forego discount on a trade credit on terms 2/10, net 60 . Strictly based on effective cost, which option would you select and why
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