Marble Company Discounts a Customer's 8%, $4,000, 90-Day Note Dated

Multiple Choice

Marble Company discounts a customer's 8%, $4,000, 90-day note dated April 1, on May 15. The discount period is 45 days, and the bank discount rate is 15%. The maturity value of the note is $4,080. The bank discount is: (Use a 360-day year. Do not round any intermediate calculations. Round your final answer to the nearest dollar.)

A) $10.
B) $153.
C) $77.
D) $80.