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Chang Co, issued a $40,740, 120-day, discounted note to Guarantee Bank. The discount rate is 8%. Assuming a 360-day year, the cash proceeds to chang

Chang Co, issued a $40,740, 120-day, discounted note to Guarantee Bank. The discount rate is 8%. Assuming a 360-day year, the cash proceeds to chang Co. are Oa. $41,012 Ob. $43,999 Oc. $39,654 Od. $40,740

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