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Your firm has a re-investment rate of 7%. Further, your firm has just been offered trade credit terms of 1/15 net 30 for purchases made

Your firm has a re-investment rate of 7%. Further, your firm has just been offered trade credit terms of 1/15 net 30 for purchases made from a supplier. When should you repay the trade credit obligation?

a. on receipt

b. on day 15

c. on day 20

d. on day 30

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