Mark signs a note promising to pay $300 in 2.5 years with simple interest at 9.75%. Then, 12 months before the note comes due, the holder of the note sells it to a local bank which discounts the note based on a bank discount rate of 17%. (a) What did the bank pay the holder of the note when it was sold 12 months before maturity? (b) What simple interest rate did the holder of the note earn for the time the note was held? (Enter your answer as a percent. If your answer is less than 0, type 9999)