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chang co issued a $59,775 , 120 day, discounted mote to gurantee bank. the discount rate is 9%. assuming a 360 day year, the cash

chang co issued a $59,775 , 120 day, discounted mote to gurantee bank. the discount rate is 9%. assuming a 360 day year, the cash proceeds to chang co are

A. 60,223

B. 59,775

c. 57,982

D. 65,155

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