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Zoetis Inc offers its customers payment terms of 3/15 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost of trade credit

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Zoetis Inc offers its customers payment terms of 3/15 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). 22.40% 31.38 % Onone of the answers is correct. 29,46% 33,08%

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