10.95% is not correct nor 10.4 or 11%. Can anyone tell me the correct answer? Thanks

Metrobank offers one-year loans with a 13 percent stated rate, charges a 1/5 percent loan origination fee, imposes a 9 percent compensating balance requirement, and must pay a 4 percent reserve requirement to the Federal Reserve. What is the return to the bank on these loans? (Do not round intermediate calculations. Round your answer to 1 decimal place