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Glass Store Inc. sells on terms of 3/10, net 90. What is the effective annual cost of trade credit under these terms? Use a 365-day

Glass Store Inc. sells on terms of 3/10, net 90. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form.

(a.22.68%; b.12.98%; c.15.47%; d.34.23%)

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