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Problem 21-13 (LG 21-6) Metrobank offers one-year loans with a 9 percent stated rate, charges a 14 percent loan origination fee, imposes a 10 percent

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Problem 21-13 (LG 21-6) Metrobank offers one-year loans with a 9 percent stated rate, charges a 14 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 loans? (Do not round intermediate calculations. Round your answer to 1 decimal place. (e.g., 32.1)) Answer is complete but not entirely correct. Rate of return 0.1 %

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