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A four-month loan of $50,000 is available with an APR interest rate of 12%. It is a discount loan with a 10% compensating balance. What

A four-month loan of $50,000 is available with an APR interest rate of 12%. It is a discount loan with a 10% compensating balance. What is the APY of the loan? (Express your answer as as a rate (rather than as a percentage) accurate to four decimal places.)

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