k must make $200 million in new commercial loans (earning assets). In order to issue the $200 million of new commercial loans Maize Bank must actually raise $215 million of new funds, for which it will issue negotiable CDs. The interest rate Maize Bank must pay on these new CDs is 5.75%, along with an expected 0.10% in issuing costs. What will be the effective rate of interest of this CD issuance (the hurdle rate that actually must be earned on the new earning assets)? Show your work! k must make $200 million in new commercial loans (earning assets). In order to issue the $200 million of new commercial loans Maize Bank must actually raise $215 million of new funds, for which it will issue negotiable CDs. The interest rate Maize Bank must pay on these new CDs is 5.75%, along with an expected 0.10% in issuing costs. What will be the effective rate of interest of this CD issuance (the hurdle rate that actually must be earned on the new earning assets)? Show your work