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(Related to Checkpoint 18.2) (Evaluating trade credit discounts) If a firm buys on trade credit terms of 3/15, net 60 and decides to forgo the

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(Related to Checkpoint 18.2) (Evaluating trade credit discounts) If a firm buys on trade credit terms of 3/15, net 60 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 365-day year)

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