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Pets Atore Inc. sells on terms of 2/15, net 50. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form.

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Pets Atore Inc. sells on terms of 2/15, net 50. What is the effective

annual cost of trade credit under these terms? Use a 365-day year.

Round the answer to two decimal places in percentage form.

 
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