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1 1> 4) On September 1, 2021, Hiker Shoes issued a $116,000, 6-month, noninterest-bearing note. The loan was made by Second Commercial Bank where

1 1> 4) On September 1, 2021, Hiker Shoes issued a $116,000, 6-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 8.00%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.) owing infor A) 8.33%. B) 8.25%. C) 8.00%. DL 8.26%. 2021. In payment for

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