Cost of Trade Credit What are the nominal and effective costs of trade credit under the...

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Cost of Trade Credit What are the nominal and effective costs of trade credit under the...

Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 1/20, net 35? Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.

Nominal cost of trade credit: %

Effective cost of trade credit: %

business finance

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