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What is the effective cost of trade credit? Terms of the trade credit are 2/10, net 60. A. 14.9% B. 15.9% C. 18.6% D. 20.2%

What is the effective cost of trade credit? Terms of the trade credit are 2/10, net 60.

A. 14.9%

B. 15.9%

C. 18.6%

D. 20.2%

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