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9. Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non-free trade

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9. Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non-free trade credit if it pays 140 days after the purchase? (Assume a 365-day year.) a. 16.87% b. 12.58% c. 17.14% d. 11.20% e. 13.83%

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