Question: Candew Corp. buys on 4 / 2 0 , net 9 0 days. What is the nominal cost of interest if Candew does not take

Candew Corp. buys on 4/20, net 90 days. What is the nominal cost of interest if Candew does not take advantage of the trade discount offered? Assume a 360-day year. Submit your answer as a percentage and round to two decimal places (Ex.0.00%)

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