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A company was extended credit terms of 3/15 net 3EOM. What would the cost of giving up the cash discount be, assuming the firm was

A company was extended credit terms of 3/15 net 3EOM. What would the cost of giving up the cash discount be, assuming the firm was able to stretch its accounts payable to 60 ays without damaging its credit rating. (assume 365 days in a year.)

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