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AT&T Inc offers its customers payment terms of 2/10 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost of trade credit

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AT&T Inc offers its customers payment terms of 2/10 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). O 23.93% 13.08% O 25.26% none of the answers is correct. 7.9396

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