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10. Your firm has a borrowing rate of 7% and has been offered a trade credit terms of 1/15 net 90 for purchases made from
10. Your firm has a borrowing rate of 7% and has been offered a trade credit terms of 1/15 net 90 for purchases made from the supplier. When should you repay the trade credit obligation? a. on receipt b. on day 15 c. on day 75 d. on day 90
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