calculation and 1 Mark for correct answer to equal a total of 5 Marks). b) With a quoted interest rate of 4% and a 6% compensating balance, what is the effective rate of interest (use a $100000 loan proceeds amount)? (4 Marks for correct calculation and 1 Mark for correct answer to equal a total of 5 Marks). Q2. Delta and Associates is a broker that brings new issues of small companies to the market. Their most recent deal for Delta Ltd, had the following characteristics: (2 Marks for correct identification of each variables for the calculation, 7 Marks for correct workings and 1 Mark for correct answer to equal a total of 10 Marks). Number of shares: 1000000 Price to public: $15 per share Proceeds to Omega: \$13 500000 The legal fees were $150000, printing costs were $56000, and all the other expenses were $72000. What is the profit or loss for De Here and Associates