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Cold Duck Manufacturing Inc. buys most of its raw materials from a single supplier. This supplier sells to Cold Duck on terms of 1.5/10, net

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Cold Duck Manufacturing Inc. buys most of its raw materials from a single supplier. This supplier sells to Cold Duck on terms of 1.5/10, net 60 The cost per period of the trade credit extended to Cold Duck, rounded to two decimal places, is 1.52% Cold Duck's trade credit has a nominal annual cost of 11,54% decimal places, and your final answer to two decimal places.) , assuming a 365-day year (Note: Round all intermediate calculations to four The effective annual rate (EAR) of the supplier's trade credit is 11.37% If Cold Duck Manufacturing Inc.'s supplier shortens its discount period to five days, this will decrease the cost of the trade credit

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