Question: Rex Corporation accepted a $9,500, 9%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted

Rex Corporation accepted a $9,500, 9%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 10%. What is the notes maturity value? What is the discount period?

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