Cost of Trade Credit Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations Round your answers to two decimal places. a. 1/15, net 25. % b. 2/10, net 50. 9% c. 3/10, net 55 % d. 2/10, net 55. % e. 2/15, net 40. 94