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. Suppose the credit terms offered to your firm by its suppliers are 2/10, net 30 days. Your firm is not taking discounts, but is

. Suppose the credit terms offered to your firm by its suppliers are 2/10, net 30 days. Your firm is not taking discounts, but is paying after 25 days instead of waiting until Day 30. Since your firm is neither taking discounts nor paying on the due date, what is the effective annual percentage cost of its non-free trade credit? Assume a 365-day year

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