20 Francs Bayard - 1916 - 24-07-1916 - Serial K.150 - AU+

2 pinholes,

• Product type: Banknote
• Date/Year : 1916
• Catalog Les Billets de la Banque de France: (F.) 11.01
• Secondary catalog: WPM (P.) 74
• Country: France 1916- 1919
• Quality: AU+
• Face value: 20 Francs
• Watermark: Bayard in profile
• Alphabets: 1 to 6564, 25 Letters of 1000 notes.
• Format: 95 x 160 mm
• Signatures: Laferriere, Picard

Since grading is subjective, you can rate the banknote yourself based on the high quality of the image. 
What you see in the picture is exactly what you get with the same serial number.