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9. What is the approximate gross rate of return on the following $2 million loan? - Base lending rate of 8%. - Risk premium of

9. What is the approximate gross rate of return on the following $2 million loan? - Base lending rate of 8%. - Risk premium of 2%. - Loan origination fee of $2,500. - Compensating balance of $100,000 (non-interest bearing). - Required reserve rate of 15%. 10.2%. 10.4%. 10.6%. 1. 10.8%

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