Please show your work. The coupon rate promised to investors on securities issued against a pool of loans is 5.35%. The default rate on the pool of loans is expected to be 2.55%. The fee to compensate a servicing institution for collecting payments on the loan is 1.50%. Fees to set up credit and liquidity enhancements are 3.15%. The residual income on this pool of loans is 4.25%. What is the expected yield (%) on this pool of loans?