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20-10-2022
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newsome inc. buys on terms of 3/15, net 45. it does not take the discount, and it generally pays after 60 days. what is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? a. 25.09% b. 30.35% c. 33.39% d. 36.73% e. 27.59%

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