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Business, 16.09.2019 18:30 bened48

Abank charges a commercial borrower a 6.55 percentage interest rate on a one-year loan. the bank also charges 0.5 percent origination fee and requires compensating balances of 7 percent in the form of demand deposits. reserve requirements are 10 percent. what is the promised gross rate of return on the loan?

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Abank charges a commercial borrower a 6.55 percentage interest rate on a one-year loan. the bank als...
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