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Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit ferms of 2/15, net 357 Assume a 365

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What are the nominal and effective costs of trade credit under the credit ferms of 2/15, net 357 Assume a 365 -dary year. Do not round intermediate calculations. Round your answers to two decimal places. Nominal cost of trede credit: Effective cost of trade crediti

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