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TB MC Qu. 13-37 (Algo) On September 1, 2021, Hiker... On September 1, 2021, Hiker Shoes issued a $107.000, 8-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 8%. Hiker's effective interest rate on this loan (rounded) is. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice 8,00% 8.45% 8.38% 837