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Your firm has a borrowing rate of 8%. Further, your firm has just been offered trade credit terms of 1/5 net 10 for purchases made

Your firm has a borrowing rate of 8%. Further, your firm has just been offered trade credit terms of 1/5 net 10 for purchases made by a supplier. When should you repay the trade credit obligation?

Select one:

a.

On receipt

b.

On day 5

c.

On day 10

d.

On day 15

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