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Wildhorse Corp. sells its goods with terms of 4/18 EOM, net 60. What is the implicit cost of the trade credit? (Do not round itermediate

Wildhorse Corp. sells its goods with terms of 4/18 EOM, net 60. What is the implicit cost of the trade credit? (Do not round itermediate calculations. Use 365 days for calculation. Round answer to 2 decimal places, e.g. 12.25%.)

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