2. EXERCISES (6 points) 2.1 (2 points) Sacombank is planning to raise VND300 billion by selling bonds. Currently, market rate for similar bonds is 15%. Other mobilization cost is VND 1.5 billion. The bank has to pay a deposit insurance premium of 0.0015 per dong of insured bonds. 10% of the raised amount is used for cash needs and 3% is reserved at the Central Bank, the remaining is fully invested, Calculate the effective cost rate of borrowing these bonds? 2.2 (2 points) The bank in Exercise 2.1 has determined to use 87% of the amount raised from selling bonds to a corporate borrower. The margin to compensate the bank for default risk for a particular customer is 0.50 percent. Sacombank wants to have a profit margin of 0.7 percent. The loan is repaid by annuity in 5 years. How much in total interest costs will the customer pay in 5 years? 2.3 (2 points) The Southern Bank currently bank has VND 120 billion in cash and deposits at the Central Bank, VND 2,150 billion in deposits at other banks, VND 150 billion deposits at the State Treasury, VND 12,700 billion in loans backed by fixed assets, VND 8,610 billion in loans without collaterals, VND 670 billion investments in a shipping company, VND 250 billion fixed assets and VND 120 billion investments in other credit institutions. The bank has VND 570 billion in charter capital and VND 23 billion in undivided earnings (Tier 1) capital. Ti is equivalent to 75% of Tier 1 capital, what is this bank's CAR? er 2 capital