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A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 85 days. What is the

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A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 85 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.) O a. 9.55% ob. 8.64% e c.7.84% d. 10.05% O e. 10.55%

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