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Calculate the cost of the trade credit

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Reference no: EM132546841

Assume the credit terms offered to your firm by your suppliers are 2/10 net 45. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 45. ?(Hint: Use a? 365-day year.)

The cost of trade credit is....%(Rounded to two decimal? places.)

Reference no: EM132546841

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