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Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 1/10. net 30 ? Assume a

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Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 1/10. net 30 ? Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. Nominat cost of trade credit: Pi9 Effective cost of trade credit

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