On September 1, 2021, Hiker Shoes issued a $119,000, 6-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 6%. Hiker's effective interest rate on this loan (rounded) is:(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A. 6.19%

B. 6.12%

C. 6.11 %

D. 6.00%

What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 12.3% and a maturity value of $203,000?(Do not round intermediate calculations. Round final answer to 1 decimal place.)

A. 13.7%

B. 12.7%

C. 12.3%

D. 11.7%