A Swiss sporting goods company borrows in yen in the Eurocredit market at a rate of 4.35 percent from Bank of America using a three-month rollover loan. Bank of America assigns a default risk premium of 2 percent on the loan, and the country risk is an additional 0.75 percent. The bank can borrow funds in the Euromarket at the three-month LIBOR rate of 0.40 percent. What is Bank of America’s gross profit margin on this loan?