Question: A local bookstore turns over its inventory once every two months. The bookstore's annual cost of holding inventory is 37%. (Round your answer to 2

A local bookstore turns over its inventory once every two months. The bookstore's annual cost of holding inventory is 37%. (Round your answer to 2 decimal places.) What is the inventory holding cost in $) for a book that the bookstore purchases for $8 and sells for $15? per book

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