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Page 2 Next Page Question 2 (1 point) Book Depot Inc. sells on terms of 1/10, net 30. What is the implicit cost of trade

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Page 2 Next Page Question 2 (1 point) Book Depot Inc. sells on terms of 1/10, net 30. What is the implicit cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form. (Write the percentage sig- the "units" box) Your Answer: Answer units Page Next Page

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