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Problem 3 Intro A bank wants to achieve an expected rate of return of 11%. The credit analyst working for the bank estimates the probability
Problem 3 Intro A bank wants to achieve an expected rate of return of 11%. The credit analyst working for the bank estimates the probability of your company defaulting on a loan to be 11%, in which case the bank will experience a return of -100%. Part 1 |Attempt 1/3 for 10 pts. What is the minimum interest rate the bank should charge on the loan to your company? 3+ decimals Submit
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