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Candew Corp. buys on 5/20, net 90 days. What is the nominal cost of interest if Candew does not take advantage of the trade discount

Candew Corp. buys on 5/20, net 90 days. What is the nominal cost of interest if Candew does not take advantage of the trade discount offered? Assume a 360-day year. Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)

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