9. If a 120-day, 11% note, with a face value of $7,000 is discounted after being held for only 3 days and the bank's discount rate is 17%, how much is the discount? a. $10.63 b. $400.93 c. $275 d. $7,764 If a 120-day, 11% note, with a face value of $7,000 is discounted after being held for only 3 days and the bank's discount rate is 17%, what are the proceeds? a $10.63 b. $11.01 c. $275 d. $6,855.73 10