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Keats Company issued its own USD 10,000, 90-day, non interest-bearing note to a bank. If the note is discounted at 10 per cent, the proceeds

Keats Company issued its own USD 10,000, 90-day, non interest-bearing note to a bank. If the note is

discounted at 10 per cent, the proceeds to Keats are:

a. USD 10,000.

b. USD 9,000.

c. USD 9,750.

d. USD 10,250.

e. None of the above.

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