Steadman's Computer Endorses a Customer's Note Dated June 17 to the Bank

question 31

Multiple Choice

Steadman's Computer endorses a customer's note dated June 17 to the bank on August 6.The interest rate on the note is 10%,and the bank discount rate is 12%.The note matures on September 6.The discount period is:

• A)31 days.
• B)60 days.
• C)81 days.
• D)0 days.