Novenswered In out of Festion Suppose that a bank has equity of $110, interest expense of $45, PLL = $10, and net noninterest income of $16, and noninterest expense of $24 (all numbers in millions). Corporate tax rate = 35%. If the bank has investment securities of $300, which are earning an average rate of return at 3%, and the bank has $1200 in loans, what must be the average loan rate to generate the interest income calculated previously? Select one: Ca. 7.53% b. 9.21% c. 8.35% d. 6.62% Oe. 5.74% Novenswered In out of Festion Suppose that a bank has equity of $110, interest expense of $45, PLL = $10, and net noninterest income of $16, and noninterest expense of $24 (all numbers in millions). Corporate tax rate = 35%. If the bank has investment securities of $300, which are earning an average rate of return at 3%, and the bank has $1200 in loans, what must be the average loan rate to generate the interest income calculated previously? Select one: Ca. 7.53% b. 9.21% c. 8.35% d. 6.62% Oe. 5.74%