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Evaluate the cost of trade credit given by this information: 2/10, net 30 days. The firm also has the option to borrow from the bank,
Evaluate the cost of trade credit given by this information: 2/10, net 30 days. The firm also has the option to borrow from the bank, using short-term notes payable to take the discount. The interest rate of this notes payable is 10%.
The cost of trade credit is [ ]%
The firm should consider to [ take/ let go ]the discount offered by the supplier.
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