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What is the nominal cost of its nonfree trade credit

Question 1: If a firm buys under terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is the nominal cost of its nonfree trade credit?

Question 2: Does it receive more less credit than it would if it paid within 15 days?

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Finance Basics: What is the nominal cost of its nonfree trade credit

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