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Mailings Review View Help (15) Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after

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Mailings Review View Help (15) Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 50 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? Ca. 25.39% b. 32.25% CC30.59% cd.27.35%

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