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please explain the question thanks Metrobank offers one-year loans with a 9 percent stated rate, charges a 4 percent loan origination fee, imposes a 10
please explain the question thanks
Metrobank offers one-year loans with a 9 percent stated rate, charges a 4 percent loan origination fee, imposes a 10 percent compensating balance requirement, and must pay a 6 percent reserve requirement to the Federal Reserve. What is the return to the bank on these loansStep by Step Solution
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