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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (24173)	6/29/2006 1:38:36 PM
From: Madharry	Read Replies (1) of 78898

since you bought hd perhaps you know the answer to this question- I bought a lawn mower from hd. they had a deal that if you purchase an item over $300 using the house credit card you need not make payments for around 12 motnths and pay no interest as long as you pay the balance off in full by the due date. now how does hd account for that transaction on its books? is it selling off the risk on a non-recourse basis to the credit card company? what is the volume of such transactions compared to their total revenues? just curious.

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