Bank of America offers a one$-$year loan with an $11\%$ interest rate and charges a $0\mathrm{.}15\%$ loan origination fee to a given customer with a risk premium of $2\%.$ The Bank imposes a $10\%$ compensating balance requirement and must pay a $3\%$ reserve requirement to the Federal Reserve. These loans typically are repaid at maturity. What is the gross return on the loan