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A bank is planning to make a loan of 7.5 million to a firm inTextile industry. The loan has a duration of 9.5 years and

A bank is planning to make a loan of 7.5 million to a firm inTextile industry. The loan has a duration of 9.5 years and bankwill charge a servicing fee of 35 basis points. The cost of fundsfor the 2 answers

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