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13-14 100 PTS i Saved Save & Exit Submit Help On September 1, 2021, Hiker Shoes issued a $116,000, 6-month, noninterest- bearing note. The loan

13-14 100 PTS i Saved Save & Exit Submit Help 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 9%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice 9.42% 9.00% 9.34% 9.35%

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