Which of the following statements is/are not true?
I. If the spread between credit period and cash discount period is greater, the cost of trade credit will be higher.
II. If the spread between credit period and cash discount period is lower, the cost of trade credit will be higher.
III. If the discount rate increases, the cost of trade credit decreases.
[A]Only (I) above
[B]Only (II) above
[C]Only (III) above
[D]Both (I) and (III) above
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