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WEEK 5 - Assessment of Weeks 1 ... i Saved Help Save & Exit Submit 11 On September 1, 2021, Hiker Shoes issued a $102,000,

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WEEK 5 - Assessment of Weeks 1 ... i Saved Help Save & Exit Submit 11 On September 1, 2021, Hiker Shoes issued a $102,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 8%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 02:21:13 Multiple Choice 8.37% O 8.38%. O 8.45%. 0 8.00%

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