A what is the nominal annual cost of sixty second avenue, Financial Management

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A what is the nominal annual cost of sixty second avenue

Sixty Second Avenue Inc. buys most of its raw materials from a single supplier. This supplier sells to Sixty Second Avenue Inc. on terms of 4/20, net 30. What is the cost per period of the trade credit extended to Sixty Second Avenue Inc.? A What is the nominal annual cost of Sixty Second Avenue Inc.'s trade credit? A What is the effective cost of the trade credit?

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