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Assume the credit terms offered to your firm by your suppliers are 4/10, net 45 Calculate the cost of the trade credit if your firm

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Assume the credit terms offered to your firm by your suppliers are 4/10, net 45 Calculate the cost of the trade credit if your firm does not take the discount and pays on day 45 Hint Use a365-day year) The cost of trade credit is % (Rounded to two decimal places)

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