Pets Store Inc. sells on terms of 2/20, net 80. What is the effective annual cost of

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Pets Store Inc. sells on terms of 2/20, net 80. 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.(Write the percentage sign in the "units" box)

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1111530266

11th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Jun 05, 2024 04:12 PM

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Pets Store Inc. sells on terms of 2/20, net 80. What is the effective annual cost of

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Intermediate Financial Management

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