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Assume the credit terms offered to your firm by your suppliers are 2/10, net 30 . Calculate the cost of the trade credit if your

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Assume the credit terms offered to your firm by your suppliers are 2/10, net 30 . Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30 . (Hint: Use a 365 -day year.) The cost of trade credit is \%. (Rounded to two decimal places.)

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