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On October 31, 2021, Simon Builders borrowed $16 million cash and issued a 7 month, noninterest-bearing note. The loan was made by Star Finance Co.

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On October 31, 2021, Simon Builders borrowed $16 million cash and issued a 7 month, noninterest-bearing note. The loan was made by Star Finance Co. The stated discount rate is 94. Simon's effective interest rate on this loan is: Equal to the stated discount rate of 9%. Unrelated to the stated discount rate of 9%. More than the stated discount rate of 9% Less than the stated discount rate of 94

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