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Save Submit Assignment for Grading ons Problem 21-03 (Cost of Trade Credit) Question 1 of 5 O Book Cost of Trade Credit What are the

Save Submit Assignment for Grading ons Problem 21-03 (Cost of Trade Credit) Question 1 of 5 O Book Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 1/20, net 307 Assume a 36-day year. Do not round intermediate calculations. Round your answers to two decimal places Nominal cost of trade credit: Effective cost of trade credit

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