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Occidental Petroleum offers its customers payment terms of 5/10 EOM, net 60. Assuming 365 days in a year, calculate the implicit cost of trade credit
Occidental Petroleum offers its customers payment terms of 5/10 EOM, net 60. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). O 64.89% 0 36.87% O none of the answers is correct. O 37.95% O 45.42%
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