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TV Depot Inc. sells on terms of 3/10, net 60. What is the implicit cost of trade credit under these terms? Use a 365-day year.

TV Depot Inc. sells on terms of 3/10, net 60. What is the implicit cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form.

(a.14.35%; b.10.98%; c.25.47%; d.15.23%)

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