A financial analyst draws a cash flow diagram to model the following scenario.

A 270-day commercial bill will mature for $100000. The price paid for the bill at issue was $93401.74. The bill was sold 209 days after issue for $99064.11. Calculate the annual rate of simple interest (as a percentage, to two decimal places) earned by the buyer who paid $93401.74 and sold for $99064.11. What was the annual rate of simple discount (as a percentage, to two decimal places) that the buyer sold at (earning a price of $99064.11)?

Here is the cash flow diagram the analyst drew.

Which response best reflects the values of Z, Y, X, W, V, U, T and S?

a.

Z is 270.00, Y is $100000.00, X is $93401.74, W is 209, V is $99064.11, U is not required, T is 5.18% p.a. (simple discount) and S is 10.85% p.a. (simple interest).

b.

Z is 270.00, Y is $100000.00, X is $93401.74, W is 209, V is $99064.11, U is not required, T is 5.6% p.a. (simple discount) and S is 10.59% p.a. (simple interest).

c.

Z is 270.00, Y is $100000.00, X is $93401.74, W is 209, V is $99064.11, U is not required, T is 5.50% p.a. (simple discount) and S is 10.69% p.a. (simple interest).

d.

Z is 270.00, Y is $100000.00, X is $93401.74, W is 61.00, V is $99064.11, U is not required, T is 1.63% p.a. (simple discount) and S is 36.27% p.a. (simple interest).