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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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