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Gallient Inc. buys on 2.37 / 10 , net 60. What is the nominal cost of interest if the corporation does not take advantage of
Gallient Inc. buys on 2.37 / 10 , net 60. What is the nominal cost of interest if the corporation does not take advantage of the trade discount offered ? Assume a 360 - day year Submit your answer as a percentage and round your final answer to two decimal places
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