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A vendor offers terms of 2/15, net 30 . The firm does not take the discount and typically pays in 60 days. Use a 365-day

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A vendor offers terms of 2/15, net 30 . The firm does not take the discount and typically pays in 60 days. Use a 365-day year to calculate the annual cost to the firm of stretching its payables. Select one: a. 16.55% b. 10.86% c. 12.07% d. 13.41% e. 14.90%

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