Question: State Bank accepts a simple discount note at 9% for 260 days on December 5, with a maturity value of $39,500. State Bank rediscounts the

State Bank accepts a simple discount note at 9% for 260 days on December 5, with a maturity value of $39,500. State Bank rediscounts the note at 8% on May 9 of the following year. Compute the following quantities. The proceeds of the original note to the maker. The discount period. The proceeds to face Bank from the sale. The interest earned by State Bank

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