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Your firm's supplier offers a 1.5/15, net 40 credit period. If your firm opts to forgo the discount period, what is the effective annual rate

Your firm's supplier offers a 1.5/15, net 40 credit period. If your firm opts to forgo the discount period, what is the effective annual rate of this decision?

A		24.3%
B		23.8%
C		24.7%
D		23.5%

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