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Intro (Please enter your answer in percentage with 2 digits after the decimal point!) Part 1 Attempt 1/1 for 10 pts. D.R.K. Bank is charging

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Intro (Please enter your answer in percentage with 2 digits after the decimal point!) Part 1 Attempt 1/1 for 10 pts. D.R.K. Bank is charging a 12 percent interest rate on a $9 million loan. The bank also charged $300,000 in fees to originate the loan. The bank has a cost of funds of 8.9 percent. The borrower has a 13 percent chance of default, and if default occurs, the bank expects to recover 87 percent of the principal and interest. What is the expected return on the loan using the Moody's Analytics model? 2+ decimals Submit Intro (Please enter your answer in percentage with 2 digits after the decimal point!) Part 1 Attempt 1/1 for 10 pts. D.R.K. Bank is charging a 12 percent interest rate on a $9 million loan. The bank also charged $300,000 in fees to originate the loan. The bank has a cost of funds of 8.9 percent. The borrower has a 13 percent chance of default, and if default occurs, the bank expects to recover 87 percent of the principal and interest. What is the expected return on the loan using the Moody's Analytics model? 2+ decimals Submit

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