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Bank of Melbourne has granted a two million loan to Qantas Ltd. with an annual0.1loan rate. The bank keeps a capital ratio of8%under Basel Accord

Bank of Melbourne has granted a two million loan to Qantas Ltd. with an annual0.1loan rate. The bank keeps a capital ratio of8%under Basel Accord III and requires a minimum compensating balance ratio of0.1. Qantas has paid$5704as loan origination fee to the bank. What is the gross return rate of this loan? (Keep three decimals in the answer and do not input %.)

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