Question
Bank of Melbourne has granted a two million loan to Qantas Ltd. with an annual 0.09 loan rate. The bank keeps a capital ratio of
Bank of Melbourne has granted a two million loan to Qantas Ltd. with an annual 0.09 loan rate. The bank keeps a capital ratio of 8% under Basel Accord III and requires a minimum compensating balance ratio of 0.1. Qantas has paid $6174 as loan origination fee to the bank. What is the gross return rate of this loan?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
