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Assume the bank sets the interest rate on this $970 one-year loan at 25%. Based on this 25% interest rate, what is the bank's expected

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Assume the bank sets the interest rate on this $970 one-year loan at 25%. Based on this 25% interest rate, what is the bank's expected return on the loan? 12.48% - 12.52\%). Partial credit: within 0.10% of the correct answer (e.g., 12.40%12.60%)

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