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Suppose a company uses trade credit with the terms of 2/10, net 50. (Use 365 days for calculation.) If the company pays its account on

Suppose a company uses trade credit with the terms of 2/10, net 50. (Use 365 days for calculation.) If the company pays its account on the 50th day, the effective borrowing cost of skipping the discount on day 10 is closest to

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