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If the annualized effective cost of missing the trade credit discount is 18.72%, the length of discount period is 10 days, and the length of
If the annualized effective cost of missing the trade credit discount is 18.72%, the length of discount period is 10 days, and the length of the net-trade credit period is 60 days, then what is the discount percentage?
a. | 2.5% | |
b. | 1.5% | |
c. | 3% | |
d. | 2% |
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