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Assume the credit terms offered to your firm by your suppliers are 2/20.net 45. Calculate the cost of the trade credit if your firm does

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Assume the credit terms offered to your firm by your suppliers are 2/20.net 45. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 45.(Hint: Use a 365-day year) The cost of trade credit is % (Rounded to two decimal places.)

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