A new issue of 90-day commercial paper is available from a dealer in New York City at a price of$98.75 per$100 in par value.(A) The bank discount rate at which it is being offered is 1.25percent, which is below the corresponding investment rate.(B) The bank discount rate at which it is being offered is 5.00 percent,which is below the corresponding investment rate.(C) The bank discount rate at which it is being offered is 1.25 percent,which is above the corresponding investment rate.(D) The bank discount rate at which it is being offered is 5.00percent, which is above the corresponding investment rate.