Hey Guys- The wording on this question is throwing me. Malloy Company issued its own $10,000, 90-day, non-interest-bearing note to a bank. The only payment Malloy will ever make to the bank will be for $10,000 at the maturity date of the loan as the bank discounts the note at 10 percent. The proceeds to Malloy are _______________. The answer is a dollar figure – I would think loan “proceeds” are the amount the company is loaning itself ($10K).