Alpha Company received $900 on January 1 from First National Bank $1,000 is due in one year Which statement describes the note with First National Bank? a. The stated interest rate on the $1,000 note is 10% and the actual interest rate is 11% b. The $900 note is discounted at a rate of 10% @c The S900 note is discounted at a rate of 11% d More information is needed to determine the interest rate